on Oldenburgische Landesbank AG (ETR:OLB)
Oldenburgische Landesbank AG Plans Redemption of Additional Tier 1 Bond
Oldenburgische Landesbank AG (OLB) has announced its intention to exercise its option to call the EUR 100 million Undated Non-Cumulative Fixed to Reset Rate Additional Tier 1 Bond, which was issued in 2021. The bank has secured the necessary regulatory approval for this action.
The bond, identified by ISIN DE000A11QJL6, represents a key capital measure for OLB. This initiative aligns with the bank's strategic financial management objectives and aims to optimize its capital structure.
The planned call and redemption reflect OLB's ongoing efforts to maintain its financial health and stability. This decision is part of the bank's broader strategy to effectively manage its resources and liabilities.
R. E.
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