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Saxo Bank issues new debt to optimize capital structure

On 19 November, Saxo Bank A/S has successfully issued EUR 60m Additional Tier 1 capital with a settlement date of 26 November 2019.

The Additional Tier 1 capital note is perpetual with an optional call after 5.5 years (PerpNC5.5). The Additional Tier 1 capital note is issued with a fixed interest coupon of 8.125% for the first 5.5 years. The book had strong interest from the outset and was well over-subscribed by c. 2.75x at time of closing, which helped improve the pricing terms of the offering versus initial guidance. 

Saxo Bank’s Additional Tier 1 capital is issued to optimize the Bank’s long-term capital structure and to increase the coverage of regulatory requirements.

Latest Additional Tier 1 capital issue from Saxo Bank was in November 2014, where EUR 45m of Perpetual NC5.25 was issued with a fixed coupon of 9.75%. 

 Any questions in regards to this announcement may be addressed to

Steen Blaafalk, Chief Financial & Risk Officer, on tel. +45 39 77 42 68 or
Thomas Otendal, Head of Group Treasury, on tel. +45 39 77 41 70.

Please reach out to

Saxo Bank is a leading Fintech specialist and global multi-asset facilitator of capital markets products and services. Saxo enables private clients to trade more than 35,000 instruments from one single margin account.

Additionally, Saxo provides institutional clients such as banks and fintechs with Open Banking solutions from multi-asset execution, prime brokerage services to trading technology. Founded in 1992, Saxo Bank has embraced Open Banking from the beginning and is focused on helping clients and partners through win-win partnerships and product innovation.

Since launching its first online trading platform in 1998, Saxo Bank works to empower everyone to navigate their financial future by opening up access to trading and investment. The Saxo Group’s client assets total more than 45 billion euros, and the Group employs more than 2100 people in financial centres around the world including London, Singapore, Amsterdam, Shanghai, Hong Kong, Paris, Zurich, Dubai and Tokyo.

For more information, please visit

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15

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