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Kvika banki hf.: Kvika Banki hf. announces tender offer for certain outstanding SEK and NOK Notes for up to a combined total nominal amount of 750 million
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE THE DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL Kvika Banki hf. ("Kvika" or the "Issuer") is offering holders of its outstanding SEK and NOK denominated notes maturing in May 2026, at set out below (the "Notes"), to participate in a tender offer whereby the Issuer will repurchase Notes for cash up to a combined total nominal amount of 750 million at the purchase prices set out below, plus accr
About this update from Kvika Banki Hf
[{"type":"image","alt":"Kvika banki hf.","displaySize":"","headline":null,"caption":"Kvika banki hf.","className":"","disableSlideshowImg":false,"size":{"original":{"width":97,"height":119,"url":"https://media.zenfs.com/en/globenewswire.com/7b9523982fe09af771924ef65e530055"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/sNt9JO39Ohl0tFzLuCbD_w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTExMDtoPTEzNTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/7b9523982fe09af771924ef65e530055","width":97,"height":119}},"lazy":false},{"type":"text","content":"NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE THE DISTRIBUTION OR PUBLICATION OF THIS PRESS RELEASE WOULD BE UNLAWFUL","length":151,"tagName":"p"},{"type":"text","content":"Kvika Banki hf. ("Kvika" or the "Issuer") is offering holders of its outstanding SEK and NOK denominated notes maturing in May 2026, at set out below (the "Notes"), to participate in a tender offer whereby the Issuer will repurchase Notes for cash up to a combined total nominal amount of 750 million at the purchase prices set out below, plus accrued and unpaid interest (the "Tender Offer"). The Notes will be repurchased subject to the terms and conditions described in a tender information document dated 6 October 2025 (the “Tender Information Document”).","length":600,"tagName":"p"},{"type":"text","content":"Description of the Notes / ISIN / Outstanding Amount / Minimum Denomination / Purchase Price","length":92,"tagName":"p"},{"type":"text","content":"2023/2026 Senior Unsecured FRN (the “SEK Notes”) / XS2620969043 / SEK 566,000,000 / SEK 1,000,000 / 102.150%2023/2026 Senior Unsecured FRN (the “NOK Notes”) / XS2620969639 / NOK 750,000,000 / NOK 1,000,000 / 102.150%","length":217,"tagName":"p"},{"type":"text","content":"The Tender Offer expires at 12:00 CEST on 9 October 2025, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement of the Tender Offer is expected to occur on 16 October 2025.","length":219,"tagName":"p"},{"type":"text","content":"The full terms and conditions of the Tender Offer can be found in the Tender Information Document, which is available at the Issuer here: https://kvika.is/en/investor-information/","length":179,"tagName":"p"},{"type":"text","content":"The Tender Offer is being made as part of the Issuer’s com...