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Home | Swedbank’s early redemption and buyback of subordinated loans |
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Swedbank’s early redemption and buyback of subordinated loans
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- June 08, 2011
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Swedbank is working actively to manage the bank’s capital structure and as a part of this process has applied for, and been granted, approval by Finansinspektionen (SFSA) to buy back issued, subordinated Tier 2 loans amounting to SEK 5bn. SFSA’s approval is valid until 31 August 2011.
The buybacks will be made for subordinated loans where Swedbank has the right to exercise early redemption during 2011 and 2012. Furthermore, Swedbank will, supported by SFSA’s approval, redeem outstanding Tier 2 loans amounting to GBP 97.8m (XS0257529296) at the time of the bank’s right to exercise...
- Read more at:http://www.1888pressrelease.com/swedbank-s-early-redemption-and-buyback-of-subordinated-loan-pr-309110.html
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