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Ålandsbanken Abp announces results of the consent solicitation process for its up to SEK 150,000,000 Tier 2 Notes due December 2041 and up to SEK 200,000,000 Tier 2 Notes due March 2043
Globenewswire·2025-09-29 08:15

Core Viewpoint - Ålandsbanken Abp successfully completed a consent solicitation process to amend the terms of its Tier 2 Notes, with 100% approval from noteholders for the proposed changes [4][5]. Group 1: Consent Solicitation Process - Ålandsbanken announced a consent solicitation for its outstanding SEK 200,000,000 Floating Rate Callable Tier 2 Notes due March 2043 and SEK 150,000,000 Green Floating Rate Tier 2 Notes due December 2041 [3]. - The consent solicitation aimed to remove the write-down mechanisms from the terms and conditions of the Notes [4]. - The Proposal was approved by 100% of the votes cast by holders of both the 2041 and 2043 Notes [4]. Group 2: Financial Details - Noteholders who voted by the Early Deadline will receive a consent fee of 0.10% of the aggregate nominal amount of the Notes they voted for, with payments to be made by October 7, 2025 [5]. - The Proposal is deemed approved as of September 29, 2025, in accordance with the Notices of Procedure in Writing [5]. Group 3: Involvement of Third Parties - Nordea Bank Abp acted as the solicitation agent and tabulation agent for the Procedures in Writing [6]. - Nordic Trustee & Agency AB (publ) served as the verifier of the results of the Procedures in Writing [6].