TF Bank’s SEK 100 Million Subordinated Tier 2 Bonds Issue And Early Redemption


Gernandt & Danielsson advised the company TF Bank AB and its financial advisor ABG Sundal Collier on the deal.

TF Bank AB announced its issue of subordinated Tier 2 bonds in a total amount of SEK 100 million with final maturity in December 2030 and first call date in December 2025. The net proceeds will be used towards general corporate purposes, including the early redemption of the company’s outstanding subordinated Tier 2 bonds, in accordance with the Swedish Financial Supervisory Authority’s consent to such redemption following the company’s application for approval. TF Bank intends to apply for admission of trading of the new Tier 2 bonds at the corporate bond list of Nasdaq Stockholm.

TF Bank is an internet-based niche bank offering consumer banking services and e-commerce solutions through a proprietary IT platform with a high degree of automation. Deposit and lending activities are conducted in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany and Austria through branches and on cross-border basis. TF Bank’s shares are listed on Nasdaq Stockholm.

The Gernandt & Danielsson team consisted of Mikael Borg (Picture), Mikael Bolling, Maria Klaesson, Camilla Hedner, Jonathan Antonsson, Nils Unckel and Anna Kullander.

Involved fees earner: Jonathan Antonsson – Gernandt & Danielsson Advokatbyrå KB; Mikael Bolling – Gernandt & Danielsson Advokatbyrå KB; Mikael Borg – Gernandt & Danielsson Advokatbyrå KB; Camilla Hedner – Gernandt & Danielsson Advokatbyrå KB; Maria Klaesson – Gernandt & Danielsson Advokatbyrå KB; Anna Kullander – Gernandt & Danielsson Advokatbyrå KB; Nils Unckel – Gernandt & Danielsson Advokatbyrå KB;

Law Firms: Gernandt & Danielsson Advokatbyrå KB;

Clients: ABG Sundal Collier Norge ASA; TF Bank AB;