Press release

Føroya Banki issues DKK 100m subordinated Tier 2 capital

Føroya Banki has made an agreement on issuance of Tier 2 bonds amounting to DKK 100m (ISIN: DK0030575691).

The bonds have a maturity of 10 years with the option to call after 5 years, subject to approval by the Danish Financial Supervisory Authority (Finanstilsynet).

The issuance is priced at CIBOR (3 months) with an additional spread of 3.00%.

The bonds will be settled on 28 May 2026.

The bonds are not rated.

The transaction is in line with the Bank’s capital plan and part of the ongoing process on optimizing the Bank’s capital structure.

Nykredit has acted Advisor and Lead Manager of the issuance.

Further information:

Arnhold Olsen, CFO, tel: (+298) 230 475; mail: ao@bankin.fo