STOCKHOLM, Sweden, March 27, 2002 (PRIMEZONE) -- Nordea today announced the bonds are due March 26, 2014, and pay a coupon of 5.75 percent per annum. The bank has the right to redeem the issue in full at par in March 2009. Issue price is par to give a spread of 0.49 percent over swaps to the call date.
Joint book-runners for the transaction are Merrill Lynch, UBS Warburg and Nordea Markets.
The purpose of the transaction is to refinance existing subordinated debts maturing this year.
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