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Sydbank — Capital/Financing Update 2015
Mar 5, 2015
3387_rns_2015-03-05_381324c0-5ef9-4d39-8685-bbbe8b5f0278.pdf
Capital/Financing Update
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Sydbank A/S / Miscellaneous
05.03.2015 08:57
Dissemination of a Regulatory Announcement, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------
Aabenraa, Denmark, 2015-03-05 08:57 CET (GLOBE NEWSWIRE) -- Sydbank has issued EUR 100m worth of Tier 2 capital. The issue was made as Tier 2 capital with a maturity of 7 years.
The issue is a 12-year issue with a first call option after 7 years. A 12nc7 issue fixed at mid-swap plus 172 basis points.
Sydbank will move closer to meeting the capital targets in the coming years. The issue is a follow-up to the capital structure adjustment mentioned in the 2014 Annual Report.
12nc7 is the longest maturity obtained by Sydbank since the Bank has been internationally rated.
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https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=505945
News Source: NASDAQ OMX
05.03.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English Company: Sydbank A/S
Denmark
Fax: E-mail: Internet: ISIN: DK0010311471 Category Code: MSC TIDM: 0G6U Sequence Number: 2549 Time of Receipt: March 05, 2015 08:57:16
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End of Announcement DGAP News-Service