Bech-Bruun has assisted Velliv in connection with a transaction involving its Floating Rate Callable Subordinated Tier 2 Notes.
Velliv (the former Nordea Liv og Pension) provides pension and insurance to more than 340,000 Danes.
Bech-Bruun has assisted Velliv in connection with a transaction involving a (i) delisting of Velliv’s Floating Rate Callable Subordinated Tier 2 Notes (the “Notes”) from the Nasdaq Copenhagen Main Market and listing of the Notes on the Nasdaq First North Bond Market and (ii) an invitation to its noteholders to tender their Notes for purchase by Nordea on behalf of Velliv.
The delisting and the listing of the Notes were approved by the noteholders on 3 October 2019.
More information about the transaction may be found here: