Capital/Financing Update • May 14, 2025
Capital/Financing Update
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SpareBank 1 SMN: Successful issuance of Additional Tier 1 bond
SpareBank 1 SMN (Issuer rating Aa3 with stable outlook by Moody's) has today issued a new perpetual Additional Tier 1 bond of NOK 150 million with ISIN NO0013568543. The coupon is 3 months Nibor + 2.65 percentage points p.a. Settlement date is 21 May 2025.
The Additional Tier 1 bond issue has a first-time call option for the issuer on 21 August 2030, subject to an approval from the Financial Supervisory Authority of Norway, if required. The new issue has been approved by the Bank's Supervisory Board. The bonds will be applied for listing on Nordic ABM.
Nordea and SpareBank 1 Markets acted as Joint Lead Managers.
Trondheim, May 14th 2025
Contact person SpareBank 1 SMN:
Head of Treasury Unni Larsen, +47 993 63 369
Deputy Head of treasury Per Egil Aamo, +47 73 58 64 66
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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