ABG Sundal Collier acted as joint lead manager for Advanzia Bank S.A. in connection with the successful issuance of a FRN Subordinated Tier 2 bond of EUR 55m

Advanzia Bank S.A. (“Advanzia”) has successfully raised a FRN Subordinated Tier 2 bond (“T2”) of EUR 55 million. The transaction was priced at 3m EURIBOR + 6.75% following strong interest from a wide range of high-quality investors. Following the issuance, Advanzia is well-capitalized and prepared to maintain its strong and highly profitable growth. This is the 6^th bond transaction ABGSC has managed for Advanzia since 2019, and ABGSC has raised NOK 2.4bn (equivalent) in aggregated gross proceeds.