SpareBank 1 SMN : Issuance of Tier 2 capital Spare
Post# of 301275
SpareBank 1 SMN refers to the announcement on 20 August 2018, and the bank has today issued a subordinated Tier 2 bond issue of NOK 500 million with a 10-year tenor. Settlement date for the bond issue is 4 September 2018. The principal amount was increased from NOK 400 million due to a substantial oversubscription.
The Tier 2 bond issue has a coupon of 3 months NIBOR + 1,45% p.a. The issuer has a first call option after 5 years, subject to an approval from the Norwegian FSA.
The new issues are approved by the Norwegian FSA and the bank's Supervisory Board.
DNB Markets and SpareBank 1 Markets acted as joint lead managers.
Trondheim, 4 September 2018
Contact person in SpareBank 1 SMN:
Deputy Head of treasury Per Egil Aamo, tel +47 73 58 64 66
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
(0)
(0)