Nordea has further strengthened its capital base by issuing Additional Tier 1 instruments amounting to USD 1.5bn. USD 1bn is a Perpetual Non-callable 5 year instrument and USD 500m a Perpetual Non-callable 10 year instrument. The coupons are 5.5 per cent and 6.125 per cent, respectively, which are the lowest among corresponding instruments issued in the USD market.
The successful issuance of the new capital instruments is part of Nordea’s long-term planning and in line with what the bank has previously communicated.
The transaction increases Nordea’s Tier 1 capital ratio by 75bps, further strengthening Nordea’s position as one of the strongest capitalised banks in Europe. After the new transaction, Nordea’s Tier 1 capital ratio is 17.0% pro-forma.
For further information:
Rodney Alfvén, Head of Investor Relations, +46 72 235 05 15
The information provided in this press release is such that Nordea is required to disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980) and/or the Swedish Securities Markets Act (2007:528).