Announcement no. 14-2010
21 July 2010
Company announcement
Amagerbanken issues bonds for DKK 13.5 billion with government guarantee for the
Bank's own portfolio
Together with 3 arrangers Amagerbanken has entered into agreements to issue
totally 7 floating-rate bond loans of the equivalent amount of totally approx.
DKK 13,500,000,000 on 29 July 2010. The loans will be admitted listing on Nasdaq
OMX Copenhagen A/S.
The bonds, being senior loan, will be issued with related individual government
guarantee in accordance with issued framework guarantees included in agreement
of individual government guarantee between Amagerbanken and the Financial
Stability Company of 28 June 2010, see company announcement no. 10 of 28 June
2010.
All bonds are issued for Amagerbanken's own portfolio so that the bonds at a
later time can be sold and thus secure Amagerbanken's funding for the coming 3
years.
The detailed terms and conditions will appear from the information material of
the issuances, which will be published in connection with the issue.
Pursuant to the terms and conditions placed by the Financial Stability Company
of Amagerbanken's obtaining individual government guarantee, which was also
mentioned in the Bank's company announcement no. 10 of 28 June 2010 and the
Bank's present process of fulfilment of these terms and conditions, Amagerbanken
will only at a later time commence sale of the guaranteed bonds.
Yours faithfully,
A M A G E R B A N K E N
Jørgen Brændstrup
Managing Director and
Chief Executive
For further information please contact Jørgen Brændstrup through Anne Mikkelsen
(coordina-tor) at telephone no. +45 32 66 64 03.
Amagerbanken issues bonds for DKK 13.5 billion with goverment guarantee for the Bank` s own portfolio
| Source: Amagerbanken A/S
Attachments
