Pohjola Bank plc to Redeem Lower Tier 2 Subordinated Notes of EUR 70 Million
(Thomson Reuters ONE) -
Pohjola Bank plc
COMPANY RELEASE
Release category: Company Announcement
28 October 2010 at 15.00 pm
Pohjola Bank plc to Redeem Lower Tier 2 Subordinated Notes of EUR 70 Million
Pohjola Bank plc will redeem Lower Tier 2 subordinated notes of EUR 70 million.
Pohjola Bank plc issued the notes in November 2004. According to the terms and
conditions, the notes will mature in 2015 but with the Finnish Financial
Supervisory Authority's permission the issuer has the right to call in the notes
prematurely in November 2010. The notes are quoted on the London Stock Exchange.
This redemption will have no effect on Pohjola's Tier 1 ratio but will reduce
the capital adequacy ratio by 0.5 percentage points. On 30 June, Pohjola Bank
plc's capital adequacy ratio stood at 13.4% and Tier 1 ratio at 12.0%.
Pohjola Bank plc
Carina Geber-Teir
Chief Communications Officer
For more information, please contact:
Jouko Pölönen, CFO, tel. +358 (0)10 252 3405
Hanno Hirvinen, Executive Vice President, tel. +358 (0)10 252 2221
Tarja Ollilainen, SVP, Investor Relations, tel. +358 (0)10 252 4494
DISTRIBUTION
NASDAQ OMX Helsinki
London Stock Exchange
Major media
pohjola.fi, op.fi
[HUG#1456591]
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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Pohjola Pankki Oyj via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 28.10.2010 - 14:00 Uhr
Sprache: Deutsch
News-ID 46968
Anzahl Zeichen: 0
contact information:
Town:
POHJOLA
Kategorie:
Business News
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