SpareBank 1 SMN: Successful issuance of Tier 2 bond
2024-09-04 16:52:33
SpareBank 1 SMN (Issuer rating Aa3 with stable outlook by Moody's) has today
issued a new Tier 2 bond of NOK 400 million with ISIN NO0013331173. The coupon
is 3 months Nibor + 1.58 percentage points p.a. Settlement date is 12 September
2024.
The Tier 2 bond issue has a first-time call option for the issuer on 12 December
2029, subject to an approval from the Financial Supervisory Authority of Norway,
if required. The new issue has been approved by the Bank's General meeting. The
bonds will be applied for listing on Nordic ABM.
Nordea and SpareBank 1 Markets acted as Joint Lead Managers.
Trondheim, 4 September 2024
Contact person SpareBank 1 SMN:
Head of Treasury Unni Larsen, +47 993 63 369
Deputy Head of treasury Per Egil Aamo, telephone +47 73 58 64 66
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.