Brief: Cembra Decides Not To Call Additional Tier 1 Bond
30/08/2024 06:12
Aug 30 (Reuters) - CEMBRA MONEY BANK AG CMBN.S :
* SWISS BANK CEMBRA WILL NOT EXERCISE OPTION FOR AN EARLY
REDEMPTION OF OUTSTANDING ADDITIONAL TIER 1 BOND
* IN FUTURE, AT1 BOND CAN BE REDEEMED BY ISSUER AT ITS OWN
DISCRETION ON 15 NOVEMBER EACH YEAR, SUBJECT TO A 30-DAY NOTICE
PERIOD AND APPROVAL OF SUPERVISORY AUTHORITY
* CEMBRA DECIDES ON REDEMPTIONS INDIVIDUALLY ON AN ECONOMIC
BASIS,
CONSIDERING MARKET CONDITIONS, REGULATORY VALUE OF INSTRUMENT
AND ITS OWN CAPITAL PLANNING
Source text for Eikon: ID:nEQ3y6PQta
Further company coverage: CMBN.S
(Gdansk Newsroom)
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