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Regulatory press release

Føroya Banki issues Senior Non-preferred bonds

Føroya Banki

4.6.2025 13:43:27 CEST | Føroya Banki | Company Announcement

Company announcement no. 7/2025

Føroya Banki has made an agreement on issuance of Senior Non-preferred bonds amounting to DKK 200m (ISIN: DK0030551676). The bonds have a maturity of 6.5 years with the option to call after 4 years, subject to approval by the Danish Financial Supervisory Authority (Finanstilsynet).

The bonds are priced at CIBOR6 (six months) with an additional margin of 2.35%. The issue will be settled with value date on 18 June 2025. Nykredit Bank A/S has acted structuring advisor and lead manager of the issuance.

Based on an approval by the Danish Financial Supervisory Authority (Finanstilsynet), Føroya Banki simultaneously with this issuance, has decided to repurchase Senior Non-preferred bonds amounting to DKK 150m (ISIN: DK0030490271). These bonds are issued with value date on 18 June 2021 and have a maturity of 5 years with the option to call after 4 years. The repayment will take place on 18 June 2025.

The mentioned transactions are part of the ongoing process to optimise the Bank’s capital structure.

Further information: 

Arnhold Olsen, CFO, tel (+298) 230 475

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