trending Market Intelligence /marketintelligence/en/news-insights/trending/cVIHDxLvVOsRc2CgF9iGdw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Nordea Bank prices $1.25B convertible bond

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Nordea Bank prices $1.25B convertible bond

Nordea Bank Abp priced a $1.25 billion, fixed-rate Additional Tier 1 convertible bond as part of its medium-term note program.

The notes, which were fully subscribed via private placement and will be issued at a price of 100%, will carry a coupon of 6.625% until the first reset date of March 26, 2026, after which the coupon will be reset every five years.

It will convert into shares in Nordea if the bank's common equity Tier 1 ratio falls below 5.125%, and the settlement is due March 26.

The company said the notes will help it to retain its capital position and to leverage market conditions.