TF Bank announces that the condition for the early redemption of Tier 2 (T2) bonds has been fulfilled
TF Bank AB (publ) (“TF Bank” or the “Bank”) announced on 27 August 2024 that it will redeem in full all of its outstanding Tier 2 bonds issued on 27 September 2019 with ISIN SE0013110772 and with a total outstanding nominal amount of SEK 100,000,000 (the “Bonds” and “Early Redemption”).
The Early Redemption was conditional upon the issue of SEK-denominated Tier 2 (T2) bonds prior to the redemption date for the Early Redemption, as announced by TF Bank through the notice of early redemption on 27 August 2024 (the “New Bond Issue”). Today TF Bank has received the proceeds from the New Bond Issue and the condition for the Early Redemption has therefore been fulfilled. The Early Redemption is therefore no longer conditional and will consequently occur on 27 September 2024. The redemption amount together with accrued but unpaid interest up to (and including) 27 September 2024 will be paid to each person who as of the record date, being 20 September 2024, is registered as owner of Bonds in the debt register maintained by Euroclear Sweden AB.
More information regarding the Early Redemption can be found in the Bank’s press release 27 August 2024.
Gernandt & Danielsson is legal advisor in connection with the transaction.
For further information, please contact:
Mikael Meomuttel, CFO and Head of Investor Relations +46 (0) 70 626 95 33
The information was provided for publication on September 18, 2024 at 10:00 CET.
TF Bank in brief
TF Bank was founded 1987 and is a digital bank offering consumer banking services and e-commerce solutions through a proprietary IT platform with a high degree of automation. Deposit and lending activities are conducted in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany, Austria, Spain, Ireland and the Netherlands through subsidiary, branch or cross-border banking with the support of the Swedish banking license. The operations are divided into three segments: Credit Cards, Ecommerce Solutions and Consumer Lending. TF Bank is listed on Nasdaq Stockholm.
