Ringkjøbing Landbobank said Tuesday it has raised 70 million euros in a new debt deal, securing a lower borrowing cost compared to a similar issuance from 2019.
The Danish lender issued Tier 2 capital, a form of supplementary bank capital, through a private placement with an institutional investor, according to a company filing.
The new debt will pay interest at a floating rate of the three-month Euribor plus a margin of 1.60 percentage points.
This is lower than the 1.75 percentage point margin the bank agreed to on a 100 million euro Tier 2 issue in August 2019.
The new notes will be effective from Sept. 24, 2025, and are set to mature on Feb. 3, 2036, with an option for the bank to redeem them early on Feb. 3, 2031.
The company said the issue is part of its ongoing capital planning.
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Ringkjøbing Landbobank reported a nearly flat net profit for the first nine months of 2025 but boosted its earnings per share, supported by an ongoing share buyback program.
Ringkjøbing Landbobank reported a nearly flat net profit for the first nine months of 2025 but boosted its earnings per share through an ongoing share buyback program.