Advanzia Bank prepares for further growth with issuance of hybrid capital and closing of syndicated covered loan transaction

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Luxembourg, July 24th, 2019 – Advanzia Bank announced the issuance of a new AT1 bond (additional tier-1 hybrid capital) strengthening the bank's capital position. In addition, Advanzia successfully closed its debut syndicated facilities in order to solidify and diversify the bank's funding base.

The new AT1 bond of NOK 225 million carries a coupon of 3 months NIBOR + 700bps and will have a first call option for Advanzia after 5 years. The bond issue has been approved by the Luxembourgish regulator CSSF. ABG Sundal Collier and Pareto Securities acted as joint managers.

The loan facilities were arranged by ING Bank as Coordinating Bookrunner and closed over-subscribed, as a result of which the facility size was increased to EUR 275 million.

 “These financial transactions are a clear testimony of the trust placed in our business model by investors," comments Patrick Thilges, Chief Financial Officer at Advanzia Bank. “Advanzia is building a stronger presence in the capital markets with a view to strengthen our foundation for further growth."


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