Ringkjobing Landbobank to redeem Kr. 500 million of tier 2 capital

By Mary-Katherine Stinson

Lexington, Ky., April 26 – Ringkjobing Landbobank A/S plans to redeem Kr. 500 million of tier 2 capital (ISIN: DK0030421110), according to a notice.

The securities, which were issued June 13, 2018, will be redeemed on June 13.

The issuer said the refinancing of its tier 2 capital was already in place in the fourth quarter of 2021 in connection with the issue of new tier 2 capital totaling Kr. 500 million maturing in January 2032 with an early redemption option of January 2027, subject to Danish FSA approval.

Ringkjobing Landbobank provides banking products and services in Denmark.

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