Sparebanken Sør

Capital/Financing Update • Apr 8, 2024

Sparebanken Sør: Successful issuance of Tier 2 bond

Sparebanken Sør: Successful issuance of Tier 2 bond

Sparebanken Sør has today issued a new Tier 2 bond of NOK 250 million, with a floating coupon rate. The coupon is equal to 3 month Nibor + 1.85 percentage points. Settlement date is 16 April 2024. The Tier 2 issue has a first-time call option for the bank on 16 July 2029, subject to approval from the Financial Supervisory Authority of Norway, if required.

The bonds will be applied for listing on Nordic ABM, and the new issue has been approved by the issuer’s general meeting.

Bookrunner: SEB

Kristiansand, 8 April 2024

Contacts, Sparebanken Sør:

Geir-Are Kårvik, +47 934 96 044

Eirik Letnes Wuttudal, +47 905 10 964