Komplett Bank Plans New Tier 2 Bond Issue

Komplett Bank ASA (DE:KBN) has released an update.

Komplett Bank ASA is preparing to issue a new subordinated Tier 2 bond worth up to NOK 100 million, with a floating rate and a 10-year maturity, including an option for the bank to call it after 5 years. This financial move comes after obtaining the necessary approval from the bank’s board of directors and is contingent on favorable market conditions. The bond issuance is in line with the authorization from the general meeting on April 18, 2024.

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