Kvika banki to fully redeem ISK 800 million tier 2 notes due 2028

By Mary-Katherine Stinson

Lexington, Ky., Jan. 25 – Kvika banki hf plans to fully redeem the subordinated nominal amount ISK 800 million tier 2 notes KVB 18 02 due May 2028 (ISIN: IS0000029882) on the next interest payment date of May 8, according to a notice.

The redemption will be at par.

The redemption has been approved by the Financial Supervisory Authority of the Central Bank of Iceland.

Kvika is a specialized bank focusing on asset management and investment services based in Reykjavik, Iceland.

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