Capital/Financing Update • Sep 18, 2024
Capital/Financing Update
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Sparebanken Sør: Successful issuance of Additional Tier 1 bond
Sparebanken Sør (rated A1 with positive outlook by Moody’s) has today issued a new Additional Tier 1 bond of NOK 300 million with ISIN NO0013350462. The coupon is 3 month Nibor + 2.90 percentage points p.a. Settlement date is 27 September 2024.
The Additional Tier 1 bond has a first call option for the issuer on 27 December 2029, 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.
DNB Markets, Nordea and Norne acted as Joint Lead Managers.
Kristiansand, 18 September 2024
Contact persons 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.
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