Danish insurance company Alm. Brand has accepted the repurchase of outstanding perpetual Restricted Tier 1 capital instruments with a nominal value of DKK 319 million.
The repurchase offer, announced on 9 November, covered bonds with a total nominal value of DKK 400 million. At the end of the tender period on 11 November, bonds corresponding to DKK 319 million had been tendered for repurchase. All were accepted.
The repurchase price amounts to 100.75 percent of the nominal amount, plus accrued and unpaid interest. The settlement date is expected to be 18 November 2026.
Danske Bank acted as adviser to the repurchase offer.
