Lansforsakringar Bank to redeem SEK 1.1 billion of subordinated notes

By Mary-Katherine Stinson

Lexington, Ky., Feb. 3 – Lansforsakringar Bank AB will redeem two tranches of subordinated tier 2 notes totaling SEK 1.1 billion on the optional redemption date of March 1, according to two notices.

The two tranches to be redeemed are the bank’s SEK 700 million subordinated tier 2 notes (ISIN: XS1783217067) and its SEK 400 million subordinated tier 2 notes (ISIN: XS1783217224).

Both tranches of notes were originally issued on March 1, 2018 with a maturity date falling on or nearest to the interest payment date in March 2028.

The issuer is the fifth largest Swedish bank and is based in Stockholm.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.