Vestjysk Bank A/S to convert Tier 2 capital
The Danish Financial Supervisory Authority
Nasdaq Copenhagen A/S
30 July 2019
Vestjysk Bank A/S to convert Tier 2 capital
Vestjysk Bank A/S has been given permission by the Danish FSA to prepay Tier 2 capital in the amount of DKK 150 million.
The Tier 2 capital was issued on 1 September 2014 and falls due not later than ten years after the date of issue, with a possibility of repayment five years after the date of issue.
Repayment will take place at par value together with interest accrued but still not paid at the date of repayment with 2 September 2019 as the value date.
At the same time, Vestjysk Bank A/S has resolved to explore the possibility of issuing new Tier 2 capital in the amount of DKK 125 million with a term to maturity of ten years and the possibility of early repayment after five years.
This issue is expected to take place in late August 2019. The issue is arranged by Nykredit Bank, which also acts as adviser in connection with this issue.
Please direct any questions regarding this announcement to Jan Ulsø Madsen, CEO, on tel. (+45) 96 63 21 04.
Vestjysk Bank A/S
Kim Duus Jan Ulsø Madsen
Chairman of the Board CEO
Vestjysk Bank A/S
Torvet 4-5
7620 Lemvig
Denmark
Phone
CVR No. 34 63 13 28
