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FINWIRES

Lea Bank Launches New Additional Tier 1, Tier 2 Bonds

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Lea Bank (LEA.ST) said Thursday it issued new perpetual additional tier 1 and tier 2 bonds, set to list on Nordic ABM.

The 80 million-Norwegian-krone tier 1 bond carries an annual coupon of three-month Norwegian Interbank Offered Rate plus 4.50 percentage points. The coupon rate for the tier 2 bond worth 120 million kroner is three-month NIBOR plus 4.00 percentage points per annum.

Lea Bank expects to settle the offer on Sept. 17, 2026. The issuer has a first call option on both bonds on Dec. 17, 2031, subject to approval from the Financial Supervisory Authority of Sweden.

What else is happening in Treasury?

Treasury

UBS Group Prices Offers to Redeem Outstanding Credit Suisse-issued Senior Notes

UBS Group (UBSG.SW) on Thursday priced concurrent and separate offers to redeem nine series of Credit Suisse Group-issued outstanding senior notes.The offers cover 750 million pounds sterling of 7.375% notes due Sept. 7, 2033; $697.1 million of 6.442% notes due Aug. 11, 2028; and $2.25 billion of 4.282% notes due Jan. 9, 2028. The offers also include up to $4 billion of six other series of outstanding notes maturing in 2029, 2031 and 2033.The Swiss banking group will close the offer on Thursday afternoon, with settlement expected by Sept. 14.

$UBSG.SW
Treasury

Paradigm Biopharmaceuticals Draws Down Final $2 Million of Tranche 4 From Convertible Note Facility; Shares Down 13%

Paradigm Biopharmaceuticals (ASX:PAR) drew down the remaining balance of tranche 4, valued at $2 million, under its $27 million convertible note facility with Obsidian Global Partners, according to a Friday Australian bourse filing.Following the drawdown, about $5 million remains available under the facility, providing continued financial flexibility to support phase 3 execution and broader commercial readiness activities, the filing added.The company's shares plunged 13% in recent Friday trade.

ASX:PAR
Treasury

Bank of Chongqing Issues 5 Billion Yuan Green Bonds

Bank of Chongqing (HKG:1963, SHA:601963) issued 5 billion yuan of three-year fixed-rate green bonds, according to a Friday filing with the Shanghai bourse.The bonds have a coupon rate of 1.59%. Proceeds will go to green projects, the filing said.

HKG:1963SHA:601963