Fibank’s EUR 30m perpetual admitted for trading on Luxembourg Stock Exchange

16.10.2020 Source: Fibank; Luxembourg Stock Exchange; FFBH

On 14 October, Fibank’s EUR 30m debt capital (hybrid) instrument was admitted for trading on Bourse de Luxembourg. The issue consists of 30 000 ordinary, registered, perpetual, deeply subordinated, unsecured, and non-convertible notes, with denominations of EUR 1 000 each and a fixed annual interest rate of 8%. Recall that the notes were issued in December 2019 under the conditions of initial private placement and the Bank included them in the Additional Tier 1 capital. The other 2 hybrid issues of the bank for a total of EUR 100m are also traded on Luxembourg Stock Exchange since 2014.