Landkreditt Bank issues new bond, repurchases older debt

Landkreditt Bank AS, rated A- (Stable) by Scope, announced the successful issuance of a new 5.5-year senior unsecured MREL-eligible bond. The initial tranche of this new open loan, which has a total framework of 1.0 MRD, is set at 150 MNOK. The bond features a coupon rate of 3-month Nibor +0.70 percentage points per annum, with the payment date scheduled for September 4, 2025.

Concurrently, Landkreditt Bank has repurchased 53 MNOK of its existing bond, ISIN NO0010890056. Following this transaction, the outstanding amount for this specific bond will be 25 MNOK, which is slated for full redemption on September 10, 2025.

Dnb Carnegie facilitated both the issuance of the new bond and the repurchase transactions. Per Bjarne Kvande, cfo of Landkreditt Bank AS, is available for further inquiries.