Taaleri announces plans to issue about €15 million of tier 2 notes

By Sarah Lizee

Olympia, Wash., Oct. 2 – Taaleri plc is contemplating issuing about €15 million of tier 2 notes, according to a press release.

The aim is to issue the notes soon, depending on the market situation, the company said.

The company mandated Danske Bank to explore the market and arrange investor meetings and, if there is satisfactory market interest, subsequently to act as the lead arranger.

Taaleri said the issuance would strengthen the capital adequacy of the company and the proceeds would be used for general corporate purposes and for providing for the expiry of the permission under article 49(1) of the CRR granted by the Finnish Financial Supervisory Authority valid until Dec. 31, 2020.

Taaleri is a wealth management and financing company based in Helsinki, Finland.

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