"The majority of bonds were sold to investors in the UK with good demand seen also from investors in German-speaking countries together with France and the Netherlands," said a release by the bank.
The bond, which is callable during a 3-month par call period ending five-years prior to maturity and is rated Baa3 by Moody’s, is listed on the Global Exchange Market of Euronext Dublin.
Johannes Proksch, Chief Financial Officer, commented; ‘I am delighted with the interest we received from investors across Europe in our initial Tier 2 capital security issue. Their investment is a vote of confidence in the Baltic countries and in Luminor. Our maiden subordinated security extends our liability structure, increases the efficiency of our capital, and builds our investor base.”
