0GGK Vestjysk Bank A/s

 
TIDMVJBA 
 

As part of the ongoing process to optimise the capital structure of Vestjysk Bank A/S, the bank has issued DKK 180 million Senior Non-Preferred effective from June 18, 2021. The bonds has a fixed annual coupon rate of 2.035 % in the first four years.

The issue is part of the launch of NEP-Fonden under Kapitalforeningen Investin Pro managed by Nykredit Portefølje Administration, which is aimed at institutional clients. The bonds have a maturity of five years with a possibility to call after four years and any time thereafter subject to approval by the Danish Financial Supervisory Authority (Finanstilsynet).

Senior Non-Preferred is an instrument that is designed to meet the MREL requirement which will be further phased in over the coming years.

Nykredit Bank A/S is the sole lead manager of the issue.

Please direct potential inquires to Jan Ulsø Madsen, CEO, on telephone +45 9663 2104.

Vestjysk Bank A/S

Jan Ulsø Madsen

Chief Executive Officer

Vestjysk Bank A/S

Torvet 4-5 7620 Lemvig

Telefon 96 63 20 00

CVR-nr. 34 63 13 28

www.vestjyskbank.dk

(END) Dow Jones Newswires

June 15, 2021 08:40 ET (12:40 GMT)

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