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SpareBank 1 SMN

Capital/Financing Update • Mar 30, 2022

3751_rns_2022-03-30_736c9727-d909-40af-acfd-c87803a57962.html

Capital/Financing Update

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SpareBank 1 SMN: Successful issuance of Tier 2 bond

SpareBank 1 SMN (Issuer rating A1 by Moody’s) has today issued new Tier 2 bond of NOK 1,000 million, with a floating rate. The coupon is equal to 3 months Nibor + 1.40 percentage points p.a., settlement date is 6 April 2022.

The Tier 2 issue has a first-time call option for SpareBank 1 SMN on 6 April 2027, 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 and the Norwegian FSA. The bonds will be applied for listing on Nordic ABM.

DNB Markets and SpareBank 1 Markets acted as Joint Lead Managers.

Trondheim, 30 March 2022

Contact SpareBank 1 SMN:

Deputy Head of treasury Per Egil Aamo, telephone +47 73 58 64 66