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Public Relations, Saxo Bank
20 November 2014

Saxo Bank Issues Tier 1 Capital of EUR 42.5m.

Saxo Bank, the global online trading and investment specialist, has announced that it has issued additional tier 1 capital under the CRD IV and CRR regulation. The issued amount is EUR 42.5 million (approx. DKK 317 million).

The issuance is a perpetual with first call at 26/02-2020 and the coupon has been fixed at 9.75% until first call date, with semi-annual interest payments and an issue price of 100.00%.

The bond will be listed on the Irish Stock Exchange.

Steen Blaafalk, Group Chief Financial & Risk Officer of Saxo Bank, says:

“Saxo Bank has seized an opportunity to meet forthcoming capital requirements and is better equipped to achieve our ambitious goals and strengthen our market position further”.

The Bank’s regulatory capital ratio will be 17.5% as of Q3 2014 pro-forma. The solvency need Q3 2014 is 12.4%.

Saxo Bank udsteder kernekapital for 317 mio. kr.

Saxo Bank, der specialiserer sig i online handel og investering, udsteder hybrid kernekapital i form af Additional Tier 1 Capital i overensstemmelse med CRD 4- og CRR-regulativerne. Udstedelsen er på 42,5 mio. euro, svarende til ca. 317 mio. kr.

Obligationen er uden udløbsdato med første kald 26/02-2020 og med en fast rente på 9,75 pct. indtil første kald. Der er halvårlig rentebetaling og en udstedelseskurs på 100 pct.

Obligationsudstedelsen vil blive optaget til notering på Irish Stock Exchange.

Steen Blaafalk, direktør i Saxo Bank, siger:

”Saxo Bank har udnyttet en mulighed for at møde kommende kapitalkrav og står samtidig stærkere rustet til at opnå vores ambitiøse mål og yderligere styrke vores markedsposition.”

Bankens solvensprocent udgør herefter 17,5 pct. pr. Q3 2014 pro-forma. Kapitalkravet Q3 2014 er 12,4 pct.

About Saxo Bank

Saxo Bank is an online multi-asset trading and investment specialist, offering private investors and institutional clients a complete set of tools for their trading and investment strategies. Its financial community portal, TradingFloor.com, is the first multi-asset social trading platform. A fully licensed and regulated European bank, Saxo Bank enables clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives on both our award-winning SaxoTrader and newly launched SaxoTraderGO platform, accessible on PCs, tablets or smartphones through a single account and available in more than 20 languages. The platform is white-labelled by more than 100 major financial institutions worldwide. Saxo Bank also offers professional portfolio and fund management as well as traditional banking services through Saxo Privatbank. Founded in 1992, Saxo Bank is headquartered in Copenhagen and has offices in 26 countries throughout Europe, Asia, the Middle East, Latin America, Africa and Australia.