Saxo Bank to call Additional Tier 1 Capital Notes
Saxo Bank has announced a notice to make use of the option for early redemption of Additional Tier 1 capital notes (ISIN: XS1143478847). This covers notes with a total nominal amount of EUR 45,000,000.
In accordance with the terms and conditions in the Offering Memorandum dated 24 November 2014, Saxo Bank A/S may redeem all of the outstanding Notes before final maturity date in accordance with condition 8.3. The earliest optional redemption date is 26 February 2020. On this day, investors will receive interest payment 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.
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.
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