Vinge has advised Marginalen Bank Bankaktiebolag (publ) regarding a change of issuer for its outstanding capital notes, consisting of SEK 560 million in Tier 2 Capital Notes and SEK 200 million Additional Tier 1 Capital Notes. ESCO Marginalen AB (publ) will assume all obligations under the existing capital notes in connection with the transaction, while Marginalen Bank issues new capital notes in a corresponding amount by way of set-off.
Vinge assisted with the application for approval of the issuer substitution with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen), as well as with obtaining the consent of the noteholders through written procedures and coordination with Nasdaq regarding the continued admission to trading of the existing capital notes on Nasdaq Stockholm.
ABG Sundal Collier acted as the financial advisor for the transaction.
Vinge’s team consisted of Mikael Ståhl, Arvid Weimers, Henrik Schön, Katja Häglund and Julia Gudmundsson.
