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Coop Pank Capital/Financing Update 2023
2213_iss_2023-09-08_10121a68-9982-471d-927f-56d891b50fbd.pdf
Capital/Financing Update
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| Company | Coop Pank AS |
|---|---|
| Type | Company Release |
| Category | Other corporate action |
| Disclosure time | 08 Sep 2023 09:45:00 +0300 |
Currency
Results of the private placement of AT1 notes of Coop Pank AS Title
On Thursday, 7 September 2023, the subscription period for Coop Pank AS Additional Tier 1 notes (AT1) ended. Investors subscribed to notes worth 15,8 million euros. Thus the volume of the issue was oversubscribed by almost 2 times.
Since the initial volume of the issue of 8 million euros was oversubscribed, Coop Pank AS exercised the right to increase the volume of the issue to 12 million euros. The Management Board of Coop Pank AS approved the allocation of the private placement of notes qualifying as Additional Tier 1 (AT1) own funds of the bank, according to which 120 notes with nominal value 100,000 EUR each are allocated to in total 52 investors.
Additional information: Paavo Truu CFO Phone: 5160 231 E-mail: [email protected] (https://www.globenewswire.com/Tracker?data=Q36z1LcKVQ4BYNg_3pQP-q-Eq-I48dJkcbymlR5-B0Jd7jjhSVIeD_vLENVWvaWA4fJ6JLGFDnuHK3 rhV4nlgYmZ77xb4BPlRL2ux0chf9CzF1nh-xsV8hgVXgKRV74IizMqHQ0xoKBtGTTQAfUqZa2CF1w6 zuh1X6UCaxmDYH6nU3UCDfuuFsE5eTJxwQ_RIH-17cyDvn1C_CURqH41znrP5UdsUh4hq7sbUArKkj4LjmxidcyzGcbbgyEcCt6UdzRqwH4UjZR5lnuZukb A==)
Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 169 900 clients who use everyday banking services. Coop Pank uses the synergy created between retail trade and banking and brings everyday banking solutions closer to people. The majority shareholder of the Bank is a domestic retail chain Coop Eesti, the sales network of which comprises 320 stores.
Important information
Finantsinspektsioon http://www.fi.ee
Coop Pank AS's notes qualifying as Additional Tier 1 (AT1) own funds of the bank are not offered publicly and no prospectus is registered regarding the notes in any jurisdiction. The information contained in this notice is not intended to be published, distributed or transmitted, in whole or in part, directly or indirectly, in the United States, Canada, Hong Kong, Japan, Singapore, South Africa, or in any other country or circumstance where publication, sharing or transmission would be unlawful.
Finantsinspektsioon http://www.fi.ee
