Brief: Pareto Issues AT1 And Tier 2 Bonds

Pareto Bank ASA

19/06/2019 13:08

June 19 (Reuters) - Pareto Bank ASA  PARB.OL :
    * SUCCESSFUL ISSUANCE OF AT1 AND TIER 2 BONDS
    * ISSUED A PERPETUAL ADDITIONAL TIER 1 BOND IN AMOUNT OF NOK
50
MILLION
    * IN ADDITION, BANK ISSUED A DATED SUBORDINATED TIER 2 BOND
IN
AMOUNT OF NOK 150 MILLION WITH A COUPON OF 3 MONTHS NIBOR +
250BPS
    * BOTH ISSUES WILL HAVE A FIRST CALL OPTION FOR ISSUER AFTER
5
YEARS
    * TIER 1 BOND CARRIES A COUPON OF 3 MONTHS NIBOR + 425BPS

Source text for Eikon:  ID:nObi9sT3Ba 
Further company coverage:  PARB.OL 

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