TF Bank gives notice of conditional early redemption of Tier 2 (T2) bonds

TF Bank AB (publ) (“TF Bank” or the “Bank”) announces that the Bank will, subject to certain conditions, carry out an early redemption of all 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”) in accordance with the terms and conditions of the Bonds (the “Terms and Conditions”).

TF Bank has today, 27 August 2024, sent a conditional notice of early redemption to all directly registered owners (Sw. direktregistrerad ägare) and registered authorised nominees (Sw. förvaltare) in the debt register for the Bonds kept by Euroclear Sweden as of 26 August 2024. In accordance with the Terms and Conditions, TF Bank has received prior written consent from the Swedish Financial Supervisory Authority to redeem the Bonds early.

The date for the early redemption will be on 27 September 2024 (the “Redemption Date”), which corresponds to the first call date of the Bonds under the Terms and Conditions, and the record date for the redemption will be on 20 September 2024, i.e. five business days prior to the Redemption Date (the “Record Date”).

The early redemption is conditional upon the successful issue of SEK-denominated Tier 2 (T2) bonds prior to the Redemption Date (the “Condition”).

If the Condition is satisfied or waived by the Issuer, all Bonds will be redeemed at the redemption price of 100 per cent. of the nominal amount (i.e., SEK 1,250,000 per Bond) together with accrued but unpaid interest. The redemption amount will be paid to each person who is registered as owner of Bonds in the debt register maintained by Euroclear Sweden at end of business on the Record Date. In connection with the redemption, the Bonds will be delisted from Nasdaq Stockholm.

This notice is for information purposes only and is not to be construed as an offer to purchase or sell, or a solicitation of an offer to purchase or sell, with respect to any securities of TF Bank.

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 August 27, 2024 at 13:00 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.