Notice of Optional redemption
To the holders of SEK 2,250,000,000 Floating Rate Callable Subordinated Tier 2 Notes due 8 June 2028 ISIN: DK0030420492 (the “Notes”)
The notice to the Noteholders should be read in conjunction with the prospectus dated 8 June 2018 (the “Prospectus”) which was published in respect of the issue of the Notes by the Issuer.
The Issuer hereby gives irrevocable notice to Noteholders of the Notes, pursuant to Condition 7.3 (Redemption at the option of the Issuer) of the Terms and Conditions of the Notes (the “Terms and Conditions”), it will exercise its option to redeem all the outstanding Notes at their Outstanding Principal Amount, together with interest accrued to (but excluding) the date of redemption on the First Call Date, 8 June 2023 (the “Redemption Date”).
The redemption of the Notes is done in accordance with Condition 7.7 of the Terms and Conditions (Conditions to redemption etc.) under which the Issuer has received approval from the Relevant Regulator, the Danish Financial Supervisory Authority.
The Issuer will, according to the Terms and Conditions, send notice of optional redemption to the registered Noteholders in the debt register kept by Euronext Securities and the notice will be published on the Issuer's website.
The Notes will be delisted from Nasdaq First North Bond Market operated by Nasdaq Copenhagen A/S in connection with the optional redemption.
Contacts
About Velliv, Pension & Livsforsikring A/S
Velliv offers pension schemes for both individuals and companies, and with approx. 400,000 customers Velliv is the third largest commercial pension company in Denmark. All customers in Velliv are co-owners of Velliv through their automatic membership of Velliv Foreningen, which owns the pension company.
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