Nykredit Bank to redeem subordinate capital securities, loan

By Tali David

Minneapolis, Sept. 23 - Nykredit Bank AS has announced that it will redeem subordinated loan capital originally issued by Forstædernes Bank A/S.

Covered by the redemption are:

• NOK 125 million of capital securities maturing on Sept. 29, 2014 which will be redeemed on Sept. 29, 2011;

• DKK 200 million of capital securities maturing on Nov. 1, 2014 which will be redeemed on Nov. 1, 2011; and

• A DKK 200 million loan from HSH Nordbank AG, Copenhagen Branch, maturing on Nov. 16, 2014 which will be redeemed on Nov. 16, 2011.

Nykredit is a Copenhagen, Denmark-based financial services company.

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