Early redemption of Tier 2 capital
Nasdaq Copenhagen
London Stock Exchange
Other stakeholders
Date 22 April 2020
Early redemption of Tier 2 capital
As part of the bank’s ongoing capital planning, the board of directors today made a decision in favour of the early redemption of Tier 2 capital of EUR 50 million issued on 20 May 2015 (ISIN: XS1234253836).
The bank has obtained the Danish FSA’s approval of the early redemption, which will take place on 20 May 2020.
Refinancing of the Tier 2 capital to be redeemed was already in place in the third quarter of 2019 in connection with the issue of new Tier 2 capital totalling EUR 100 million with maturity in 2029.
Yours sincerely
Ringkjøbing Landbobank
John Fisker
CEO
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