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SpareBank 1 SMN

Capital/Financing Update • Sep 4, 2024

3751_rns_2024-09-04_042f65fb-e84f-4abe-9e0c-5c4ee9b8fc0b.html

Capital/Financing Update

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SpareBank 1 SMN: Successful issuance of Tier 2 bond

SpareBank 1 SMN (Issuer rating Aa3 with stable outlook by Moody's) has today issued a new Tier 2 bond of NOK 400 million with ISIN NO0013331173. The coupon is 3 months Nibor + 1.58 percentage points p.a. Settlement date is 12 September 2024.

The Tier 2 bond issue has a first-time call option for the issuer on 12 December 2029, 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. The bonds will be applied for listing on Nordic ABM.

Nordea and SpareBank 1 Markets acted as Joint Lead Managers.

Trondheim, 4 September 2024

Contact person SpareBank 1 SMN:

Head of Treasury Unni Larsen, +47 993 63 369

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

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