Bank of Åland Financial Overview
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The planned T2 transaction
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Indicative terms for the planned floating rate 20NC5 Tier 2 transaction:
Issuer:
Type of Issue:
Nominal Amount:
Maturity:
Optional Redemption Dates:
Interest:
Status:
Additional Early Redemption:
Write-down Trigger:
Denominations:
Documentation:
Listing:
Settlement:
Bookrunner:
Ålandsbanken Abp
Floating Rate Subordinated Callable Notes
SEK 200,000,000
[ ] 2038
After five years on [ ] 2023 ("First Call Date") and every interest payment date thereafter, subject to the
FIN-FSA approval
3-month Stibor +[ ]bps
The subordinated notes constitute and will constitute direct, unsecured and unguaranteed obligations of
the Issuer and rank and will rank pari passu without any preference among themselves and be
subordinated to the claims of all senior creditors of the Issuer. The subordinated notes can be calculated
into the Issuer's Tier 2 capital.
Callable on a Withholding Tax Event, a Tax Event, a Capital Event or a Rating Event at the outstanding
principal amount together with interest accrued, subject to the FIN-FSA approval.
The notes are subject to a permanent write down amounting to 50% of the outstanding principal amount in
case the Issuer's CET1 ratio falls below 7%.
SEK 2,000,000 and integral multiples of SEK 2,000,000 in excess thereof.
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