Odea Bank successfully completed its debut international bond issuance.

On 1st August 2017, Odea Bank closed a US$ 300 million 10NC5, 144A/RegS Subordinated Basel III Compliant Tier II issuance which marked the Bank’s inaugural international bond issuance.

Over 70 international investors participated in the Basel III compliant Tier II issuance which has a coupon rate of 7,625%. Final maturity of the issuance is 1 August 2027 and is callable on 1st August 2022.

BofAML and J.P. Morgan were mandated as joint bookrunners and joint lead managers.