ABGSC acted as Joint Manager and Bookrunner in connection with the new EUR 25m Tier 2 bond issue by Advanzia Bank S.A.

Advanzia Bank S.A., a Luxembourg based online direct bank specialising in credit cards and payment solutions, has successfully completed the issuance of new EUR 25m subordinated Tier 2 bonds. The bonds will qualify as Tier 2 Capital and will strengthen the regulatory capital base of the bank. The bonds have a floating coupon of 3m EURIBOR + 6.00% p.a. with first call after 5 years, and maturity after 10 years. An application will be made for the bonds to be listed on Nordic ABM.