Press Release

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

At Saxo we believe that when you invest, you unlock a new curiosity for the world around you. As a provider of multi-asset trading and investment solutions, Saxo’s purpose is to Get Curious People Invested in the World. We are committed to enabling our clients to make more of their money. Saxo was founded in Copenhagen, Denmark in 1992 with a clear vision: to make the global financial markets accessible for more people. In 1998, Saxo launched one of the first online trading platforms in Europe, providing professional-grade tools and easy access to global financial markets for anyone who wanted to invest. 

Today, Saxo is an international award-winning investment firm for investors and traders who are serious about making more of their money. As a well-capitalised and profitable Fintech, Saxo is a fully licensed bank under the supervision of the Danish FSA, holding broker and banking licenses in multiple jurisdictions. As one of the earliest fintechs in the world, Saxo continues to invest heavily into our technology. Saxo’s clients and partners enjoy broad access to global capital markets across asset classes on our industry-leading platforms. Our open banking technology also powers more than 200 financial institutions as partners by boosting the investment experience they can offer their clients. Keeping our headquarters in Copenhagen, Saxo has more than 2,500 professionals in financial centres around the world including London, Singapore, Amsterdam, Hong Kong, Zurich, Dubai and Tokyo.

For more information, please visit: 

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

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