Multitude Bank Announces €25 Million Tier 2 Notes Offering

Multitude Bank p.l.c, a subsidiary of Multitude AG, has announced the pricing of its €25 million Floating Rate Callable Tier 2 Notes due 2035. The notes, priced at 99% of their principal, will feature a coupon rate of 3 months EURIBOR plus a margin of 11.00% per annum. This move aims to reinforce the bank's capital base and meet Tier 2 capital requirements under the EU Regulation No 575/2013.

Proceeds from the offering are intended for general corporate purposes. Seaport Global Securities LLC served as the sole placement agent and bookrunner for this offering. This financial strategy highlights Multitude Bank’s commitment to strengthening its financial position and facilitates ongoing corporate activities.