Floating Rate Callable Tier 2 Notes due 2 March 2043

Search documents
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].
Ålandsbanken Abp announces a consent solicitation 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 and initiates procedures in writing
Globenewswire· 2025-09-18 09:30
Core Viewpoint - Ålandsbanken Abp is initiating a consent solicitation process for its outstanding Floating Rate Callable Tier 2 Notes, aiming to amend the terms by removing write-down mechanisms to align with regulatory changes [2][3]. Group 1: Consent Solicitation Details - Ålandsbanken is soliciting consent for up to SEK 200,000,000 of 2043 Notes and SEK 150,000,000 of 2041 Notes under its Medium Term Note Programme [2]. - The consent solicitation process allows noteholders to vote for or against the Proposal to amend the terms and conditions of the Notes [3]. - Nordea Bank Abp is acting as the solicitation and tabulation agent for the consent solicitation process [3]. Group 2: Voting and Compensation - Noteholders who vote by the Early Deadline of 26 September 2025 will receive a Consent Fee of 0.10% of the aggregate nominal amount of the Notes voted for [4]. - The payment of the Consent Fee is contingent upon the Proposal being approved by the requisite majority of noteholders [5]. - To participate, noteholders must be registered on a securities account with Euroclear Sweden AB by the Record Date of 25 September 2025 [7]. Group 3: Procedures and Deadlines - Voting forms must be submitted by email to the Solicitation and Tabulation Agent by the Final Voting Deadline of 2 October 2025 [7]. - Results of the Procedures in Writing are expected to be announced on 2 October 2025 [7]. - Detailed terms and conditions of the consent solicitation will be available to noteholders through Nordea [8].