Spar Nord bank is floating a loan of DKK 100 million, having the status of supplementary capital. The proceeds will be used to strengthen the Bank's capital base and continued growth. The loan will boost the Bank's capital adequacy ratio by 0.2%. This floating-rate loan has a term to maturity of 8 years, with an option of premature redemption after 5 years, provided that the Danish Financial Supervision Authority grants its approval. The loan was arranged in conjunction with HSH Nordbank.
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