The BANK of Greenland has issued DKK 40 million in Tier 2 capital
The BANK of Greenland has issued DKK 40 million in Tier 2 capital
The BANK of Greenland has today agreed to issue DKK 40 million in Tier 2 capital as part of the ongoing process to optimize the capital structure.
The capital is issued with ISIN no. DK0030551403 and with effect from 28 May 2025. The Tier 2 capital has a maturity of ten years with a possibility to call after five years and any time thereafter subject to approval by the Danish Financial Supervisory Authority (Finanstilsynet). The bonds have a floating rate agreed at a six-month CIBOR rate plus 300 basis points.
Nykredit Bank A/S is the sole lead manager of the issue.
Best regards
The BANK of Greenland
Martin Kviesgaard
Managing Director
Contact: +299 34 78 02 / mail: [email protected]
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