Bank Norwegian AS is contemplating issuance of dated Subordinated Tier 2 Capital and perpetual Additional Tier 1, subject to market conditions. Both issues will have a floating coupon rate, and a call option for the issuer after 5 years, subject to an approval from the Norwegian FSA.
Bank Norwegian AS has engaged Arctic Securities AS and Nordea Markets as advisors and joint lead arrangers of these potential transactions.
Bank Norwegian's General Meeting and the Norwegian FSA have approved the issuances.
Contact person, Bank Norwegian:
Pål Svenkerud, Interim CEO, tel: +47 93 40 39 04
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Norwegian Finans Holding ASA via Globenewswire