S-Bank Plc, Stock exchange release, 10 April 2024 at 15.00 (EET)
S-Bank issues a new covered bond, valued at EUR 500 million, as part of its bond programme
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR SINGAPORE OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
S-Bank Plc is issuing a covered bond with a nominal value of EUR 500 million. The bond’s maturity date is 16 April 2030 and interest rate paid will be 3.00 per cent. The bond’s ISIN code is FI4000570841.
The issue will take place under S-Bank’s EUR 3.0 billion bond programme. The Finnish Financial Supervisory Authority approved a supplement to the bond programme’s Base Prospectus on 4 April 2024. The programme’s English-language Base Prospectus is available on the S-Bank website at s-pankki.fi/sijoittajille and s-pankki.fi/investors. The final terms and conditions of the bond now being issued will become available in English on the same website.
The purpose of the issue is to finance the bank’s activities and growth, as well as the acquisition of the Finnish household customer, asset management and investment services businesses of Svenska Handelsbanken AB.
Riikka Laine-Tolonen, CEO of S-Bank:
“Investors showed strong interest towards S-Bank's second covered bond issue. International investor interest towards the bank continues to increase.”
S-Bank will submit an application for the bond to be listed on Nasdaq Helsinki Ltd.
On the issue Danske Bank A/S acted as the Global Coordinator, Joint Lead Manager and Bookrunner, and DZ Bank AG, Erste Group Bank AG, Nordea Bank Abp and Swedbank AB (publ) acted as the Joint Lead Managers and Bookrunners. Castrén & Snellman Attorneys Ltd acted as Legal Advisor.
Contacts:
Riikka Laine-Tolonen, CEO
Eero Saloranta, Director, Corporate Banking & Treasury
Disclosure regulation
Important Information
The distribution of this release is prohibited by law in certain countries. Persons into whose possession this release may come are required to inform themselves about and comply with such restrictions. This release may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction, including the United States, Australia, Canada, Japan, Hong Kong, South Africa and Singapore. The information contained herein shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell the Notes to any persons in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful.
United States: Copies of this release and any other documents or materials are not being, and must not be, directly or indirectly mailed or otherwise sent, transmitted, distributed or forwarded (including, without limitation, by custodians, nominees, trustees or agents) in, into or from the United States or to any persons located or resident in the United States or to any U.S. Person and persons receiving this release must not mail, send, transmit, distribute or forward it or any other documents or materials in, into or from the United States.
United Kingdom: The communication of this release and any other documents or materials is not being made and such documents and/or materials have not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000. This release does not constitute an offer of securities to the public in the United Kingdom. This release may only be distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this release or any of their respective contents.
Nothing in this release constitutes an offer to sell or the solicitation of an offer to buy the Notes in the United States or any other jurisdiction. The Notes are not being, and will not be, offered or sold in the United States. The Notes may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of, the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act). The Notes are subject to the selling and distribution restrictions set out in the base prospectus prepared in connection with the New Notes (the "Base Prospectus") and each investor must carefully read the disclaimer as presented in the Base Prospectus and comply with the selling and distribution restrictions set out in the Base Prospectus.
Contacts
- S-Pankin viestintä, S-Bank Communications, +358 10 767 9300, viestinta@s-pankki.fi
About S-Bank Plc
S-Bank is a Finnish bank and part of S Group. We exist to give everyone the possibility of a little more wealth. We have more than three million customers and we know their day-to-day life. We bring convenience and value to our customers through our easy-to-use digital services, for example. Being a full-service bank, we offer support to our customers every day and at the turning points in their lives. s-pankki.fi