Cederquist Advises Íslandsbanki and Nordea on Íslandsbanki’s Inaugural Swedish-Law AT1 Bond Issuance

"Cederquist advised Íslandsbanki hf and Nordea Bank Abp on Íslandsbanki’s inaugural Swedish-law, dual-tranche issuance of Additional Tier 1 bonds totalling SEK 700 million and NOK 200 million, carrying floating interest rates of 350 bps over three‑month STIBOR and 358 bps over three‑month NIBOR."

Cederquist advised Íslandsbanki hf and Nordea Bank Abp in connection with Íslandsbanki’s inaugural issuance of AT1 bonds under Swedish law. The transaction comprised Íslandsbanki’s first Swedish-law, dual-tranche issuance of Additional Tier 1 (AT1) bonds in an aggregate amount of SEK 700 million and NOK 200 million. The bonds carry a floating interest rate of 350 basis points over three-month STIBOR for the SEK tranche and 358 basis points over three-month NIBOR for the NOK tranche. Íslandsbanki is a leading Icelandic universal bank offering retail, corporate and investment banking services. The bank has approximately 700 employees and total assets of approximately SEK 113 billion as at year-end 2024. The bank’s shares have been listed on Nasdaq Iceland Main Market since 2021. Cederquist represented Íslandsbanki hf and Nordea Bank Abp with a team composed by: Per Henriksson, Tobias Frödin Lilja, Camilla Hedner, Mohamed Mustapha, Theodor Mendel and Ebba Rudbeck.

Cederquist Advises Íslandsbanki and Nordea on Íslandsbanki’s Inaugural Swedish-Law AT1 Bond Issuance

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