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Vestjysk Bank A/S has signed a loan agreement for DKK 350 million in Senior Non-Preferred Debt

Vestjysk Bank A_S has signed a loan agreement for DKK 350 million in Senior Non-Preferred Debt logo/IT Digest

Vestjysk Bank A/S has signed a loan agreement for DKK 350 million in Senior Non-Preferred Debt with a value date of 20 May 2022.

The loan has a term of five years with optional prepayment after four years at the earliest, subject to prior permission from the Danish FSA. The loan carries a floating semi-annual coupon rate of CIBOR6 plus a credit spread of 200 bps.

The loan agreement is a step in the ongoing optimisation of Vestjysk Bank’s capital structure.

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