Capital/Financing Update • May 30, 2023
Capital/Financing Update
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SpareBank 1 SMN: Contemplated issuance of additional Tier 1 capital and buy back
SpareBank 1 SMN (Issuer rating A1 with positive outlook by Moody's) has mandated DNB Markets and SpareBank 1 Markets for a potential issuance of perpetual Additional Tier 1 bonds of up to NOK 300 million, subject to market conditions. The bonds will have fixed and / or floating rate and a first call option for the issuer after minimum 5 years.
In connection with this potential new issuance, the issuer will consider a buy-back, in whole or in parts, of the outstanding Additional Tier 1 issue with ticker MING88 PRO (ISIN: NO0010820962) and with ticker MING92 PRO (ISIN: NO0010830763).
The new issue and buy-back is approved by the Norwegian FSA and the bank's Supervisory Board.
Trondheim, 30 May 2023
Contact person at SpareBank 1 SMN:
Deputy Head of treasury Per Egil Aamo, telephone +47 73 58 64 66
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