Saxo Bank to call Tier 2 CoCo Capital Notes

Source: Saxo Bank 2020-03-13

Saxo Bank has announced a notice to exercise the option for early redemption of Tier 2 CoCo capital notes (ISIN: XS1216095254). This covers notes with a total nominal amount of EUR 50,000,000.

In accordance with the terms and conditions for the notes dated 14 April 2015, Saxo Bank A/S may redeem all of the outstanding Notes before final maturity date in accordance with condition 7.3. The first optional call date is 14 April 2020. On this day, investors will receive interest payment and repayment of the nominal holding. After these payments investors will not receive any more payments related to the notes.

The optional redemption is approved by the Danish Financial Supervisory Authority.

Click here to see the full redemption letter

Saxo Bank to call Tier 2 CoCo Capital Notes

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