Press release
Føroya Banki redeems Tier 2 capital
On 24 June 2021 Føroya Banki (former BankNordik) issued Subordinated Tier 2 notes (ISIN: DK0030492137) amounting to DKK 100m.
Notice of early redemption is hereby given pursuant to condition 11.3 (Redemption at the option of the issuer) of the Terms and Conditions dated 21 June 2021. The issuer will thereby redeem all of the outstanding notes at par on 24 June 2026.
The Bank has completed the refinancing of these notes.
Further information:
Arnhold Olsen, CFO, tel: (+298) 230 475; mail: ao@bankin.fo