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Sparebanken Sør

Capital/Financing Update • Sep 23, 2024

3755_rns_2024-09-23_b51ea488-ce30-45c1-8ed3-260474c2fdca.html

Capital/Financing Update

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Sparebanken Sør: Successful issuance of Tier 2 bonds

Sparebanken Sør (Issuer rating A1/Positive by Moody’s) has today issued a new Tier 2 bond of NOK 600 million with ISIN NO0013354043. The coupon is 3 month Nibor + 1.57 percentage points p.a. Settlement date is 30 September 2024.

The Tier 2 bond matures on 2 April 2035 and has a first call option for the issuer on 2 January 2030, subject to approval from the Financial Supervisory Authority of Norway, if required.

The new issue has been approved by the bank's General Meeting. The bond issue will be applied for listing on Nordic ABM.

Danske Bank and DNB Markets acted as Joint Lead Managers.

Contacts in Sparebanken Sør:

Geir-Are Kårvik, Head of Treasury, tel: +47 934 96 044

Eirik Letnes Wuttudal, tel: +47 905 10 964

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