Ålandsbanken secures consent for Tier 2 amendments and issues SEK 350 million AT1 notes

"Castrén & Snellman advised Ålandsbanken Abp in a consent solicitation to amend the terms of its SEK 150,000,000 Tier 2 notes due December 2041 and SEK 200,000,000 Tier 2 notes due March 2043 by removing write-down mechanisms, and on the issuance of SEK 350,000,000 Additional Tier 1 notes (STIBOR 3M + 3.35%, issued 20 Nov 2025; no maturity; admitted to Nasdaq Helsinki)."

Castrén & Snellman advised Ålandsbanken Abp in a consent solicitation relating to its Tier 2 instruments and on the subsequent issuance of Additional Tier 1 notes. The transaction comprised two related elements. First, Ålandsbanken conducted a consent solicitation in respect of its SEK 150,000,000 Tier 2 notes due December 2041 and SEK 200,000,000 Tier 2 notes due March 2043. The terms and conditions of those instruments were amended through the consent solicitation by removing the write‑down mechanisms. Second, Ålandsbanken issued SEK 350,000,000 in Additional Tier 1 notes. The AT1 notes carry floating interest at STIBOR three months plus a margin of 3.35 per cent per annum, were issued on 20 November 2025 and admitted to trading on the official list of Nasdaq Helsinki Ltd. The instrument has no maturity date and qualifies as Additional Tier 1 capital under the EU Capital Requirements Regulation. The issue strengthens Ålandsbanken’s capital structure by taking advantage of favourable market conditions. Castrén & Snellman represented Ålandsbanken Abp with a team composed by: Janne Lauha, Valter Olkkonen, Karin Hentunen, Hannu Huotilainen, Sari Suutari, Anette Laitinen.

Ålandsbanken secures consent for Tier 2 amendments and issues SEK 350 million AT1 notes

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