{"url":"https://newsforagent.com/news/2026-11-06/multitude-bank-eur-50-million-at1-bonds","markdown_url":"https://newsforagent.com/news/2026-11-06/multitude-bank-eur-50-million-at1-bonds.md","title":"Multitude Bank Prices EUR 50 Million AT1 Bond Sale","headline":"Multitude Bank Places EUR 50 Million Inaugural AT1 Bonds With 9% Coupon","description":"Multitude Bank priced EUR 50 million of perpetual AT1 bonds at three-month EURIBOR plus 9%, with settlement expected November 13, 2026.","section":"Funding","published_at":"2026-11-06T15:13:23+00:00","modified_at":"2026-11-06T15:13:23+00:00","author":"News Desk","key_takeaways":["Multitude Bank placed EUR 50 million of floating-rate perpetual Additional Tier 1 bonds at 100% of nominal.","The bonds carry a coupon of three-month EURIBOR plus 9.00% per annum, with settlement expected on or about November 13, 2026.","Pareto Securities AB and DNB Carnegie Investment Bank AB acted as joint bookrunners for the issuance."],"companies":[{"name":"Multitude SE","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0004i8p/multitude-se","website":"https://www.multitude.com"},{"name":"Multitude Bank","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000cm86/multitude-bank","website":"https://www.multitudebank.com"},{"name":"DNB Carnegie","is_primary":false,"profile_url":"https://akta.pro/company-profiles/00q4xvt/dnb-carnegie","website":"https://www.dnbcarnegie.com"}],"source":{"publisher":"GlobeNewswire","title":"Multitude AG: Multitude Bank p.l.c. successfully places EUR 50 million Additional Tier 1 Capital Bonds","url":"https://www.globenewswire.com/news-release/2026/11/06/3397641/0/en/multitude-ag-multitude-bank-p-l-c-successfully-places-eur-50-million-additional-tier-1-capital-bonds.html"},"other_sources":[],"tags":["Funding","Multitude SE","Multitude Bank","DNB Carnegie"],"body_markdown":"[Multitude](https://akta.pro/company-profiles/0004i8p/multitude-se) Bank p.l.c., a wholly owned subsidiary of Multitude AG, completed bookbuilding for its inaugural EUR 50 million floating-rate perpetual Additional Tier 1 Capital Bonds, issued at 100% of nominal, [GlobeNewswire](https://www.globenewswire.com/news-release/2026/11/06/3397641/0/en/multitude-ag-multitude-bank-p-l-c-successfully-places-eur-50-million-additional-tier-1-capital-bonds.html) reported on November 6, 2026. The bonds carry a coupon of three-month EURIBOR plus 9.00% per annum.\n\n## Multitude Bank's Inaugural AT1 Terms\n\nThe bonds are perpetual and may be redeemed at the Bank's option, subject to regulatory approval, at par plus accrued interest on the first call date five years after the issue date, on any business day during the three-month call period thereafter, and on any interest payment date after the first call date. The bonds also include customary tax and regulatory call options. Interest is scheduled to be payable quarterly, subject to the terms and conditions of the bonds.\n\nThe bonds are expected to be rated B- by Fitch Ratings. Settlement is expected on or about November 13, 2026. The bonds are intended to be listed on a regulated market within six months and on the Frankfurt Stock Exchange Open Market within 60 days of issuance, with intention to list within 30 days. The ISIN is NO0013771782.\n\n\"This AT1 issue is an important step in our disciplined approach to capital management,\" said Antti Kumpulainen, Multitude's CEO. \"The net proceeds will further strengthen [Multitude Bank](https://akta.pro/company-profiles/000cm86/multitude-bank)'s capital base and support general corporate purposes, enabling us to pursue the Bank's growth ambitions while maintaining a sound and resilient financial position.\"\n\nPareto Securities AB and [DNB Carnegie](https://akta.pro/company-profiles/00q4xvt/dnb-carnegie) Investment Bank AB (publ) acted as joint bookrunners. Multitude Bank is a Malta-licensed credit institution regulated by the Malta Financial Services Authority, and its European banking licence lets it serve clients across the European Economic Area.\n\n## Multitude's Recent Capital And Deal Activity\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Multitude placed EUR 70 million in perpetual bonds qualifying as IFRS equity through Multitude Capital Oyj in March 2026, with proceeds aimed at a tender offer for existing perpetual notes and general corporate purposes. The same records show two earlier post-IPO debt rounds: $21 million in December 2024 and $85.9 million in June 2024.\n\n| Date | Event | Amount |\n| --- | --- | --- |\n| June 2024 | Post-IPO debt | $85.9 million |\n| December 2024 | Post-IPO debt | $21 million |\n| March 2026 | Perpetual bonds via Multitude Capital Oyj | EUR 70 million |\n\n## How The AT1 Sale Came Together\n\nOn October 26, 2026, Multitude Bank said it was evaluating a potential issuance of Floating Rate Perpetual Additional Tier 1 Capital Bonds, with investor meetings starting that day, GlobeNewswire reported. Pareto Securities AB and DNB Carnegie Investment Bank AB were named joint bookrunners for the EUR-denominated bond at that stage.\n\nThe bookbuilding announced on November 6 followed those meetings. Multitude AG also scheduled a webcast for its 9M 2026 results on November 12, 2026 at 10:00 am CET, according to a GlobeNewswire invitation.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}