Denmark’s Saxo Bank lists €42.5m perpetual bond on ISE’s GEM market
Saxo Bank, the Denmark-based multi-asset brokerage and bank, has listed a €42.5m corporate bond on the Irish Stock Exchange (ISE). The new perpetual bond which is listed on the ISE’s Global Exchange Market (GEM) has a first call date in 2020. Its fixed coupon interest rate of 9.75% will be paid on a semi-annual basis. The bond is part of Saxo Bank’s Tier 1 capital requirements.
Saxo Bank is a fully licensed and regulated Danish bank specialising in online trading and investment across global financial markets. Saxo Bank’s services include trading in foreign exchange, contracts for difference (CFDs), exchange traded funds (ETFs), stocks, futures, options and other derivatives as well as professional portfolio and fund management.