By Rebecca Melvin
New York, Dec. 3 – Estonia’s Inbank AS has priced €6.5 million of 6% 10-year tier 2 subordinated bonds, according to a company news release.
The offering has a €1.5 million greenshoe and is being sold only in Estonia. The issue will be settled on Dec. 19.
The bonds are non-callable for five years.
The funds will be used to support the lender’s growth and expansion in foreign markets, the release stated.
The issuer is a Tallinn, Estonia-based bank.
| Issuer: | Inbank AS
|
| Issue: | Tier 2 subordinated bonds
|
| Amount: | €6.5 million
|
| Greenshoe: | €1.5 million
|
| Maturity: | Dec. 19, 2029
|
| Coupon: | 6%
|
| Price: | Par of €1,000
|
| Yield: | 6%
|
| Calls: | Non-callable for five years
|
| Announcement date: | Dec. 3
|
| Issue date: | Dec. 19
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
