By William Gullotti
Buffalo, N.Y., Jan. 17 – Luminor Bank AS priced €300 million of three-year senior preferred notes (Baa1), according to a press release.
The notes, issued under the bank’s euro medium-term note and covered bond program, will become callable one year prior to maturity.
Luminor Markets acted as joint lead manager for the oversubscribed issue, which priced 25 basis points tighter than initial indicators.
The press release did not include the aforementioned indicators, final price, interest rate or other pertinent details.
The notes will be listed on Euronext Dublin.
The bank is based in Tallinn, Estonia, with branches in Latvia and Lithuania.
| Issuer: | Luminor Bank AS
|
| Amount: | €300 million
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| Issue: | Senior preferred notes
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| Tenor: | Three years
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| Manager: | Luminor Markets
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| Call: | Non-callable for two years
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| Pricing date: | Jan. 10
|
| Rating: | Moody’s: Baa1
|
| Listing: | Euronext Dublin
|
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