NKT to exercise early redemption for all hybrid securities due 3018

By Mary-Katherine Stinson

Lexington, Ky., Aug. 11 – NKT A/S will exercise the early redemption option on its €150 million callable subordinated capital securities due 3018 (ISIN: DK0030427661), according to a press release.

The securities will be redeemed at par plus accrued interest on Sept. 12.

They will be delisted from Nasdaq Copenhagen A/S.

The company stated that the early redemption does not change the financial outlook for 2022.

Brondby, Denmark-based NKT is an industrial holding company with interests in power cables and wires as well as optical components, lasers and crystal fibers.

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