Capital/Financing Update • Feb 15, 2023
Capital/Financing Update
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Sparebanken Møre: Successful issuance of Tier 2 bond
Sparebanken Møre (Issuer rating A1 by Moody’s) has today issued a new Tier 2 bond of NOK 500 million with ISIN NO0012847815.
The coupon is 3 months Nibor + 1.75%.
Settlement date is 22 February 2023.
The Tier 2 issue has a first call option for the issuer on 22 August 2028, subject to approval from the Financial Supervisory Authority of Norway, if required.
The new issue has been approved by the issuers general meeting.
The bonds will be applied for listing on Nordic ABM.
Ålesund, 15. Feb 2023
Sparebanken Møre
Head of Treasury, Ove T. Ness, phone +47 701 13 174 mobile +47 957 62 524
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