Bigbank AS Boosts Additional Tier 1 Notes for New Investors
Bigbank AS Enhances Additional Tier 1 Notes Issuance
In a strategic move to attract new investors, Bigbank AS has announced an increase in the issuance of its Additional Tier 1 (AT1) Temporary Write-Down Notes. The decision to raise the issuance volume by 1,000,000 euros signifies the bank's growth strategy and its commitment to meeting market demands.
Details of the Additional Notes Issuance
With this increase, the total issuance volume of AT1 Temporary Write-Down Notes has reached 4,450,000 euros. These bonds are pivotal in providing the bank with the necessary capital to support its operations and growth outlook.
Registration of the New Notes
The additional AT1 bonds will be registered with Nasdaq CSD SE, under the ISIN code EE3300005081. It is important to note that the terms and conditions of this issuance remain unchanged. Investors from the initial issuance will not see any alterations in their rights or obligations, ensuring consistency for all stakeholders involved.
About Bigbank AS
Founded over three decades ago, Bigbank AS has established itself as a leading commercial bank in the region. Operating primarily with Estonian capital, it has earned a reputable standing in international finance. As of late in 2024, Bigbank held total assets worth 2.7 billion euros, alongside an equity of 271 million euros. The bank’s expansive operations span nine countries, serving an active customer base exceeding 150,000 clients and employing over 500 dedicated staff members.
Moody's Credit Ratings
The credit rating agency Moody's has recognized Bigbank's solid performance, assigning it a long-term deposit rating of Ba1. This rating reflects the bank’s creditworthiness and its robust operational performance, which is crucial for maintaining investor confidence.
Contact Information
For inquiries regarding the new issuance or any other related matters, please contact:
Argo Kiltsmann
Member of the Management Board
Tel: +372 53 930 833
Email: Argo.Kiltsmann@bigbank.ee
Visit Bigbank's official website for more information: www.bigbank.ee
Frequently Asked Questions
What are Additional Tier 1 Notes?
Additional Tier 1 Notes are a type of capital instrument used by banks to maintain adequate capital levels and regulatory requirements.
Why did Bigbank AS increase its issuance volume?
The increase is aimed at attracting new investors and enhancing the bank's financial foundation for future growth.
What is the significance of the ISIN code?
The ISIN code (EE3300005081) uniquely identifies the new AT1 bonds, making it easier for investors to trade and manage their investments.
How does the Moody's rating affect Bigbank AS?
The Moody's Ba1 rating positively influences investor trust and can enhance the bank's ability to raise capital in the future.
Where can I find more information about Bigbank AS?
Additional information about Bigbank AS and its offerings can be found on their official website at www.bigbank.ee.
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