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Sparebanken Sør

Capital/Financing Update • Sep 23, 2024

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Capital/Financing Update

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Sparebanken Sør: Contemplating issuance of Tier 2 bonds

Sparebanken Sør (Issuer rating A1/Positive by Moody’s) has mandated Danske Bank and DNB Markets as Joint Lead Managers for a potential issuance of Tier 2 bonds of up to NOK 600 million.

The Tier 2 bonds will have a floating and/or fixed rate coupon and a first call option for the issuer minimum 5 years after the issue date, subject to an approval from the Financial Supervisory Authority of Norway, if required.

The timing of the potential transactions is subject to market conditions. The bank’s General Assembly has approved the potential bond issue.

Contact persons in Sparebanken Sør:

Geir-Are Kårvik, Head of Treasury, tel: +47 934 96 044

Eirik Letnes Wuttudal, tel: +47 905 10 964

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.