Prepayment of bond loan by a total of DKK 100m


Faaborg, Denmark, 2012-11-01 09:00 CET (GLOBE NEWSWIRE) -- In June 2010 Sparekassen Faaborg obtained two governmental guaranteed bond loans of each DKK 500m, totalling DKK 1b.

The liquidity of Sparekassen Faaborg has developed better than expected in June 2010, the reason why the bank was capable of prepaying one of the loans of DKK 500m in May 2011 and August 2012.

In August 2012 the bank was capable of prepaying DKK 50m of the second loan and now the bank will prepay additional DKK 100m. The outstanding amount of the bond loan to be paid by June 2013 is DKK 350m.

ISIN code of the bond loan is DK0030251608.

 

         Claus Sejling, CEO, phone: + 45 63 61 18 14
         Flemming B. Nielsen, deputy CEO, phone: + 45 63 61 18 09


Attachments

FM201217eng.pdf