Cederquist has advised Kvika banki hf and Nordea Bank Abp in connection with Kvika banki’s inaugural issuance of AT1 bonds under Swedish law

Cederquist has advised Kvika banki hf and Nordea Bank Abp in connection with Kvika banki’s first Swedish law issuance of Additional Tier 1 bonds in an aggregate amount of SEK 300 million. The bonds carry a floating interest rate of 425 basis points over three-month STIBOR.

Kvika banki is a leading Icelandic bank offering asset management, investment banking and banking services for both businesses and individuals. The bank has approximately 250 employees and total assets of approximately SEK 25 billion as at year-end 2025. The bank’s shares have been listed on Nasdaq Iceland Main Market since 2018.

Cederquist’s team consisted of Per Henriksson, Tobias Frödin Lilja, Camilla Hedner, Mohamed Mustapha, Ebba Rudbeck, Louise Génetay and Emilia Ahnborg.