AI Terminal

MODULE: AI_ANALYST

Interactive Q&A, Risk Assessment, Summarization

MODULE: DATA_EXTRACT

Excel Export, XBRL Parsing, Table Digitization

MODULE: PEER_COMP

Sector Benchmarking, Sentiment Analysis

SYSTEM ACCESS LOCKED

Authenticate / Register Log In

SpareBank 1 SMN

Capital/Financing Update • Jun 13, 2023

3751_rns_2023-06-13_19b78694-0ef1-4f39-90cc-44112c7fdee6.html

Capital/Financing Update

Open in Viewer

Opens in native device viewer

SpareBank 1 SMN: Successful issuance of Tier 2 bond

SpareBank 1 SMN has today issued a new Tier 2 bond of NOK 750 million, with a floating coupon rate. The coupon is equal to 3 months Nibor + 2.70 percentage points, settlement date is the 20th of June 2023.

The Tier 2 issue has a first-time call option for SpareBank 1 SMN on the 20th of June 2028, subject to an approval from the Financial Supervisory Authority of Norway, if required.

SpareBank 1 SMN will in relation to the new issue, buy back, in parts, subordinated debt with ticker MING90 PRO (ISIN: NO0010830755) and ticker MING93 PRO (ISIN: NO0010835796).

The new issue has been approved by the issuers Supervisory Board. The bonds will be applied for listing on Nordic ABM.

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

Trondheim, 13 June 2023

Contact person at SpareBank 1 SMN:

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