DNB Bank to redeem three series of perpetual floating-rate notes

By Marisa Wong

Los Angeles, Nov. 16 – DNB Bank ASA intends to redeem three series of its perpetual floating-rate notes, according to a notice.

DNB Bank plans to redeem the following:

• $280 million primary capital perpetual floating-rate notes (ISIN: LU0001344653);

• $300 million primary capital perpetual floating-rate notes (second series) (ISIN: GB0042636166); and

• $200 million perpetual floating-rate notes (ISIN: GB0040940875).

The issuer anticipates completing the redemption of each series on the interest payment date falling on Feb. 29.

The financial services company is based in Oslo.

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