Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Finans |
| Industri | Nischbank |
2020-03-27 10:16:50
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER
JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.
Bergen, 27 March 2020
Reference is made to the stock exchange announcement published on 20 December
2019 regarding the establishment of a guarantee syndicate for a Tier 2 bond in
BRAbank ASA ("BRAbank" or the "Company").
BRAbank has today issued a NOK 15 million a subordinated 10NC5 Tier 2 bond with
a coupon of 3M NIBOR + 7.0%. The settlement date will be 27 March 2020, and the
issue will be applied for listing at Nordic ABM.
The issue was managed by Pareto Securities AS and SpareBank 1 Markets AS.
For further information contact:
Hans Ljøen, Chief Executive Officer at BRAbank, phone: +47 481 87 750
Torbjørn Botnevik, Chief Financial Officer at BRAbank, phone: +47 982 80 233
About BRAbank
BRAbank ASA is a digital bank focused on consumer finance in the Nordics.
BRAbank is a cloud-based bank with strong focus on customer experience and
fintech solutions. BRAbank is based in Bergen, Norway and started operation as
Monobank in November 2015 and merged with BRAbank in June 2019. The bank has
experienced strong growth.
The bank offers unsecured lending to qualified private individuals in Norway,
Finland and Sweden. The screening process is based on an automated evaluation
system, developed using the latest technology and advanced analytics. The bank
also offers attractive deposit rates on its savings accounts.
BRAbank is an independent bank with approximately 1,300 shareholders and is
listed on the Oslo Stock Exchange's Merkur Market with ticker symbol BRA-ME.
This information is published in accordance with the requirements of the
Continuing Obligations of companies admitted to trading on Merkur Market.