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Kvika banki hf.: Kvika Banki hf. announces tender offer for certain outstanding SEK and NOK Notes for up to a combined total nominal amount of 750 million
Globenewswireยท 2025-10-06 10:00
Core Viewpoint - Kvika Banki hf. is initiating a tender offer to repurchase its outstanding SEK and NOK denominated notes maturing in May 2026, with a total nominal amount of up to 750 million, aimed at proactive balance sheet management [1][3]. Group 1: Tender Offer Details - The tender offer includes SEK Notes with an outstanding amount of SEK 566 million and NOK Notes with an outstanding amount of NOK 750 million, both offered at a purchase price of 102.150% [2]. - The tender offer will expire at 12:00 CEST on 9 October 2025, with settlement expected on 16 October 2025 [2]. Group 2: Purpose and Management - The purpose of the tender offer is to manage the issuer's upcoming redemptions actively [3]. - Nordea Bank Abp has been appointed as the dealer manager for the tender offer [3].