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Kvika Banki hf. Announces results of its tender offer for certain outstanding SEK and NOK Notes
Globenewswireยท 2025-10-09 11:13
Core Points - Kvika Banki hf. announced the results of its tender offer for SEK 566 million and NOK 750 million Senior Unsecured FRNs [1][2] - The tender offer expired on 9 October 2025, with a total nominal amount of SEK 756 million validly tendered [2][3] - All validly tendered notes will be repurchased, leaving outstanding amounts of SEK 227 million and NOK 333 million [3] Summary by Sections - **Tender Offer Details** - The tender offer was for a combined total nominal amount of 750 million at a purchase price of 102.150%, plus accrued and unpaid interest [1] - The settlement of the tender offer is expected to occur on 16 October 2025 [3] - **Dealer Manager Information** - Nordea Bank Abp was mandated as the dealer manager for the tender offer [4] - **Regulatory Disclosure** - The announcement is a disclosure of inside information per EU regulation on market abuse [5]