Alm. Brand A/SOMXCOP: ALMB

Alm. Brand A/S mandates Perpetual Restricted Tier 1 Capital Notes transaction

· Issued by Alm. Brand A/S via GlobeNewswire

Summary by 6ix AI

Alm. Brand A/S has mandated Danske Bank as Sole Manager to arrange a Global Investor Call and virtual investor meetings on Monday, November 9, 2026. An issue of DKK-denominated floating-rate perpetual Restricted Tier 1 Capital Notes (notes with no fixed maturity that count as a type of regulatory capital) may follow, subject to market conditions.

Key details

  • The new notes target a PNC5.25-year structure, meaning perpetual notes that cannot be called for 5.25 years, and are expected to be rated Baa3 by Moody's. Alm. Brand A/S itself is rated Baa1 (stable) by Moody's.
  • Alm. Brand A/S is inviting holders of its outstanding DKK 400 million Perpetual Restricted Tier 1 Capital Notes (ISIN DK0030497953) to tender them for repurchase for cash, as set out in Company Announcement No. 62/2026.
  • The new notes are aimed only at eligible counterparties and professional clients and are not available to retail investors in the European Economic Area or the United Kingdom.

What’s still pending

  • Issuance of the new notes may follow subject to market conditions.
  • The expected Baa3 rating from Moody's for the new notes is not final.
  • Any repurchase of the existing notes is subject to the terms of a tender information document dated November 9, 2026, including a cap on the amount to be repurchased.
  • The repurchase is also conditional on the successful completion of the issuance and settlement of the new notes.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/alm-brand-as-mandates-perpetual-restricted-tier-1-capital-notes-transaction

Watch Alm. Brand's latest callAlm. Brand (Copenhagen:ALMB) Q3 2026 Earnings Call · Replay · Oct 28

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Alm. Brand A/S, rated Baa1 (stable) by Moody’s, has mandated Danske Bank as Sole Manager to arrange a Global Investor Call (GIC) and a series of virtual investor meetings on Monday 9 November 2026. Subsequently, issuance of DKK-denominated FRN Perpetual Restricted Tier 1 Capital Notes, with a targeted maturity of PNC5.25-year (the “Notes”), may follow subject to market conditions. The Notes are expected to be rated Baa3 by Moody's.

In connection with the contemplated issuance of the Notes, Alm. Brand A/S is inviting holders of its outstanding DKK 400 million Perpetual Restricted Tier 1 Capital Notes, with ISIN DK0030497953 (the "Existing Notes") to tender for repurchase their Existing Notes for cash, as per Company Announcement No. 62/2026. Any repurchase by Alm. Brand A/S of Existing Notes is subject to the terms and conditions described in a tender information document dated 9 November 2026, which is available at Alm. Brand - Debt, and includes, inter alia, a transaction cap in respect of the Existing Notes to be repurchased as part of the Tender Offer and a condition of successful completion of the issuance and settlement of the Notes.

MIFID II product governance / Professional clients and eligible counterparties only target market / No PRIIPs KID / No UK FCA DISC: The target investors of the Notes are only eligible counterparties and professional clients (all distribution channels). No packaged retail and insurance-based investment products ("PRIIPs") key information document ("KID") or UK FCA Product Disclosure Sourcebook (DISC) disclosure document has been prepared as the Notes are not available to retail investors in the European Economic Area or the United Kingdom.

Contact
Please direct any questions regarding this announcement to:

Investors and equity analysts:

VP, Head of Investor Relations & ESG           
Mads Thinggaard                             
Mobile no, +45 2025 5469

Attachment

  • Investor news_RT1 Mandate Annonucement

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