DNB Bank to redeem $1.25 billion of notes due 2025 in two tranches

By Mary-Katherine Stinson

Lexington, Ky., Feb. 27 – DNB Bank ASA is optionally redeeming early its $650 million senior preferred fixed-to-floating rate notes due March 2025 (ISIN: US25601B2D65, US25601C2D48) and its $600 million senior preferred floating-rate notes due March 2025 (ISIN: US25601B2C82, US25601C2C64), according to multiple notices.

All the notes are being redeemed at par on the interest payment date of March 28.

The financial services company is based in Oslo.

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