BankNordik raises $37.4M in non-preferred bond issue
What's the deal? Føroya BankiDealroom has a profile for this one. Try Dealroom →, which trades as BankNordikDealroom has a profile for this one. Try Dealroom →, has issued Senior Non-preferred bonds worth US$36.7M (roughly $37.4 million). NykreditDealroom has a profile for this one. Try Dealroom → acted as advisor and lead manager on the deal, which settles on October 20, 2026.
The terms: The bonds carry a six-year maturity with the option to call after four years, subject to approval by the Danish Financial Supervisory Authority (Finanstilsynet). They are priced at three-month CIBOR plus a 2.00% spread and are not rated.
What's the endgame? The bank said the issuance fits its capital plan and is part of an ongoing effort to optimise its capital structure and MREL composition. MREL rules require banks to hold a buffer of instruments that can absorb losses in a crisis.
The signal: The raise marks a step-up from BankNordik's previous round, signalling steady investor appetite for the bank's debt as it builds out its loss-absorbing capital base.
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