NOBA Bank raises $37M in Tier 2 bond issue

What's the deal? NOBA Bank GroupDealroom has a profile for this one. Try Dealroom → has issued subordinated Tier 2 bonds totaling SEK350m (≈$37 million) under its MTN program. The bonds carry a maturity of 10.4 years, with the first possible call after 5.1 years.

The terms: The coupon is set at three-month Stibor plus 2.22%. NordeaDealroom has a profile for this one. Try Dealroom → and Danske BankDealroom has a profile for this one. Try Dealroom → acted as joint lead managers, with a settlement date of September 11.

What's the endgame? The bonds will be listed on Nasdaq StockholmDealroom has a profile for this one. Try Dealroom →. Tier 2 instruments count toward a bank's regulatory capital, giving NOBA additional buffer to support its lending operations.

The signal: The issue underscores NOBA's standing as an established Nordic lender able to tap institutional debt markets on subordinated terms.

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