The bond has a perpetual maturity with the first call option after five years. The expected transaction size is SEK 500 million. Investor meetings are planned to take place between 3-8 November, and the transaction is expected to take place shortly after completed meetings with investors, subject to market conditions.
The issuance of the bond gives Nordnet the possibility to optimize its capital structure with regard to the regulatory requirements, and will strengthen both the company’s Tier 1 capital ratio as well as the total capital ratio.
Following the issue, Nordnet plans to list the bonds on Nasdaq Stockholm, where the AT1 bond issued by Nordnet in 2019 is also listed for trading.