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2010-10-28 14:00:00 CEST 2010-10-28 14:00:14 CEST REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementPohjola Bank plc to Redeem Lower Tier 2 Subordinated Notes of EUR 70 MillionPohjola Bank plc COMPANY RELEASE Release category: Company Announcement 28 October 2010 at 15.00 pm Pohjola Bank plc to Redeem Lower Tier 2 Subordinated Notes of EUR 70 Million Pohjola Bank plc will redeem Lower Tier 2 subordinated notes of EUR 70 million. Pohjola Bank plc issued the notes in November 2004. According to the terms and conditions, the notes will mature in 2015 but with the Finnish Financial Supervisory Authority's permission the issuer has the right to call in the notes prematurely in November 2010. The notes are quoted on the London Stock Exchange. This redemption will have no effect on Pohjola's Tier 1 ratio but will reduce the capital adequacy ratio by 0.5 percentage points. On 30 June, Pohjola Bank plc's capital adequacy ratio stood at 13.4% and Tier 1 ratio at 12.0%. Pohjola Bank plc Carina Geber-Teir Chief Communications Officer For more information, please contact: Jouko Pölönen, CFO, tel. +358 (0)10 252 3405 Hanno Hirvinen, Executive Vice President, tel. +358 (0)10 252 2221 Tarja Ollilainen, SVP, Investor Relations, tel. +358 (0)10 252 4494 DISTRIBUTION NASDAQ OMX Helsinki London Stock Exchange Major media pohjola.fi, op.fi [HUG#1456591] |
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