Saxo Bank to call Tier 2 CoCo Capital Notes
Saxo Bank has announced a notice to exercise the option for early redemption of Tier 2 CoCo capital notes (ISIN: XS1216095254). This covers notes with a total nominal amount of EUR 50,000,000.
In accordance with the terms and conditions for the notes dated 14 April 2015, Saxo Bank A/S may redeem all of the outstanding Notes before final maturity date in accordance with condition 7.3. The first optional call date is 14 April 2020. On this day, investors will receive interest payment and repayment of the nominal holding. After these payments investors will not receive any more payments related to the notes.
The optional redemption is approved by the Danish Financial Supervisory Authority.
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 http://www.home.saxo.