BankNordik P/F
Repayment of State-funded Hybrid Core Capital

BankNordik P/F 

16.07.2013 17:27

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BankNordik repays State-funded Hybrid Core Capital
(ISIN DK0030185392)

On September 21, 2009 BankNordik concluded an agreement with the Danish State
regarding State-funded Capital Injection of Hybrid core capital. According to
the agreement the Danish State subscribed for 20.413.815.000 notes of DKK 0.01
each issued by BankNordik, corresponding to a total loan of DKK 204.138.150. 

BankNordik has obtained approval from the Danish Financial Supervisory
Authority (Finanstilsynet) to repayment of up to DKK 150m of the above
mentioned State-funded Hybrid core Capital. 

Based on the above mentioned approval, BankNordik will repay State-funded
Hybrid core capital amounting to DKK 100.000.000. 

The repayment will be carried out with transaction date on Thursday August 1st
2013. The repayment will be done with a view to annulment of the corresponding
notes. 







Further information:

For further information please contact the Bank's CEO, Janus Petersen, phone:
+298 330 340.
News Source: NASDAQ OMX



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Language:     English
Company:      BankNordik P/F
              
               
              Faeroe Islands
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FO0000000088
WKN:          
 
End of Announcement                             DGAP News-Service
 
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