September 1, 2021 – 10 a.m. ESSEN
Ålandsbanken Abp announces the conditional exercise of the call option on its bonds due in 2022
NOT FOR PUBLICATION, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO PERSONS RESIDENTIAL OR RESIDENTIAL IN THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, SOUTH AFRICA, JAPAN, NEW ZEALAND OR SINGAPORE OR ANY OTHER REGISTRATION OR ANY OTHER REQUIREMENTS ACTIVITIES. THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL OR PURCHASE THE SECURITIES DESCRIBED HERE.
The terms used here in capital letters have the meaning ascribed to them in the written notice dated August 17, 2021.
Ålandsbanken Abp (“Ålandsbanken”) announced on August 17, 2021 a declaration of consent for its outstanding up to SEK 2,500,000,000 floating rate covered bonds maturing in 2022 (ISIN SE0010598474) (the “Notes”) under Ålandsbankens EUR 2,000. 000,000 Medium Term Note and Covered. bond programs were issued. Ålandsbanken started a process of obtaining consent on August 17, 2021 and initiated the written procedure for the bondholders with an early deadline of August 27, 2021 (the “Amended Proposal”).
Ålandsbanken also announced on August 27, 2021 that the amended proposal was approved on its date and that it intends to exercise the call option in connection with the issue of the New Covered Bonds. 100 percent. of the votes cast were in favor of the amended proposal.
Ålandsbanken announced today that it has decided to exercise the call option in accordance with Section 5.7 of the Terms and Conditions and to repay all outstanding bonds in full (“Redemption”). September 10th is expected as the repayment date and September 3rd as the record date for early repayment. At the same time, Ålandsbanken will issue a new covered bond of up to SEK 5,500,000,000 (the “New Covered Bond”). Ålandsbanken also announces that the redemption is linked to the issue of the new covered bond in the amount of at least SEK 3,000,000,000 (which is a condition precedent within the meaning of section 5.8 of the Terms and Conditions).
In addition, Ålandsbanken announces that the payment date of the Consent Fee will be within ten (10) business days of the occurrence of the redemption, which date will be further specified in an announcement regarding the possible occurrence of the redemption.
Ålandsbanken will announce the fulfillment or waiver of the condition precedent in a subsequent announcement.
If you have any questions about exercising the call option and the approval fee, please contact:
Nordea Bank Plc, email: [email protected],
Attention: Nordea liability management, tel. +45 6161 2996.
Head of Group Treasury
Email: [email protected]
tel. +358 204 293 683
Email: [email protected]
tel. +358 204 293 630
This notice is to be read in conjunction with the written notice.If a bondholder has any doubts about the content of this stock exchange notice, exercise of the call option, the information contained in the written notice, or should take, such bondholder should immediately disclose his own financial and financial information Obtain legal advice, including regarding tax consequences, from your broker, bank manager, attorney, accountant or other independent financial, tax or legal advisor.
In a number of legal systems, in particular in Australia, Canada, South Africa, Singapore, Japan and the United States, the distribution of this announcement or the written procedural notification may be subject to legal restrictions (e.g. relevant offer documents, approval, qualification and other regulations). Persons who come into possession of this announcement or the written procedural notification are obliged to inform themselves about such restrictions and to observe them. Specifically, none of the securities referred to in this announcement, including the Notes, or the written litigation notice, have been released under the United States Securities Act of 1933, as amended (the “Securities Act”) or the securities laws of any State of the United States and securities may not be offered or sold in the United States except as an exception to registration under the Securities Act.
Neither this announcement nor the procedural notice in writing constitutes an offer to sell or the solicitation of an offer to buy any securities and does not constitute an offer, solicitation or sale in the United States or any other jurisdiction in which such offer, a solicitation or such an offer to sell would be unlawful. This announcement or procedural notice may not be published or otherwise transmitted, distributed or mailed, directly or indirectly, in whole or in part, in the United States or any other jurisdiction in which distribution of these materials would violate any law or statute or regulation or would require registration or licensing within that jurisdiction. Failure to comply with the foregoing restriction could result in a violation of the Securities Act or other applicable securities laws.
The information contained herein may contain forward-looking statements. All statements contained in the information that are not historical facts are forward-looking statements. Forward-looking statements reflect Ålandsbanken’s current expectations and projections with respect to their financial condition, results of operations, plans, goals, future performance and business. These statements may include, without limitation, all statements preceded, followed by, followed by, or containing, words such as “expect,” “aim,” “intend,” “may,” “plan,” “would,” “could,” and other words Terms with a similar meaning or their negation. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of Ålandsbanken that could cause Ålandsbanken’s actual results, performance or accomplishments to differ materially from those anticipated in such forward-looking statements Statements are expressed or implied. . Such forward-looking statements are based on numerous assumptions about Ålandsbanken’s current and future business strategies and the environment in which it will operate in the future.
WRITTEN PROCEDURAL NOTES