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Alm. Brand Issues DKK325 Million Restricted Tier 1 Capital Notes

MT Newswires·11/10/2026 10:57:25
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10:57 AM EST, 11/10/2026 (MT Newswires) -- Alm. Brand (ALMB.CO) issued 325 million Danish kroner of new perpetual, non-callable 5.25-year restricted tier 1 capital notes, with settlement scheduled for Nov. 18. The notes carry a variable interest of three-month Copenhagen Interbank Offered Rate plus 260 basis points per year, according to a Tuesday release. The first interest payment date has been set for Feb. 18, 2027. The Danish insurance group added that it has the option to redeem the notes at par value on any day from Nov. 18, 2031, to Feb. 18, 2032, or on any interest payment date afterward. The notes are slated for listing on Nasdaq Copenhagen by June 30, 2027.