Chicago, Sept. 27 – Estonia’s Luminor Bank AS issued €300 million of 0.539% fixed-to-floating-rate notes (Baa1), according to a company release.
The notes will reset to a floating rate based on Euribor plus 87 basis points starting Sept. 23, 2025.
Over 80 investors from 20 countries participated in the offering. Orders from German-speaking Europe accounted for one-third of the total book.
Joint lead managers for the Regulation S issue were Citigroup Global Markets Europe AG, Erste Group Bank AG, Luminor Bank AS Lithuanian Branch and Natixis.
The bank is based in Tallinn.
| Issuer: | Luminor Bank AS
|
| Issue: | Fixed-to-floating-rate notes
|
| Amount: | €300 million
|
| Maturity: | Sept. 23, 2026
|
| Bookrunner: | Citigroup Global Markets Europe AG, Erste Group Bank AG, Luminor Bank AS Lithuanian Branch and Natixis
|
| Coupon: | 0.539% initial rate; resets to Euribor plus 87 bps starting Sept. 23, 2025
|
| Price: | Par
|
| Pricing date: | Sept. 16
|
| Settlement date: | Sept. 23
|
| Rating: | Moody’s: Baa1
|
| Marketing: | Investor meeting
|
| Distribution: | Regulation S
|
| Listing: | Euronext Dublin
|
| ISIN: | XS2388084480
|
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