365.bank calls €50 million 3˝% fixed-to-floaters due 2024

By William Gullotti

Buffalo, N.Y., Nov. 6 – Slovakia’s 365.bank, as (formerly Postova banka, as) issued a redemption notice to holders of its €50 million of 3˝% fixed-to-floating-rate senior preferred notes due 2024 (ISIN: XS2425290900) on Monday.

The notes will be redeemed at par plus accrued interest on Dec. 22, the same date the interest rate would have converted to a floating rate of Euribor plus 385 basis points with a 0% floor.

The notes were issued Dec. 22, 2021 under the bank’s €1.5 billion debt securities issuance program.

The issuer is part of the 365th Bank Group and is based in Bratislava, Slovakia.

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