SpareBank 1 SMN : CONTEMPLATING ISSUING AT1 CAPITAL

4/4/2018, 8:00 AM (Source: GlobeNewswire)
SpareBank 1 SMN («the Bank») has mandated SpareBank 1 Markets and Swedbank Norge as
arrangers for one or more potential Additonal Tier 1 (AT1) bonds.
The AT1 bonds will be perpetual with first call option for the Bank
minimum five (5) years from the settlement date, subject to approval from
Finanstilsynet.
 
Proceeds from the bond issue will be used to refinance MING65 (ISIN:
NO0010682313) and MING68 (NO0010692494). The Bank will in conjunction with the
bond issue consider buy-backs in these bonds. SpareBank 1 SMN has called MING65 per 20 June 2018. MING68 is callable per 7 November 2018.
 
The new issue, the buy-back and the redemption of MING65 and MING68 is approved
by Finanstilsynet and the Supervisory Board of the Bank.

Contact persons
SpareBank 1 SMN:
Dep. Head of Treasury Per Egil Aamo, tlf: 73 58 64 66
SpareBank 1 Markets:  
Christian Rambjør, tlf: 24 13 37 58
Swedbank Norge:           
Terje Fronth-Pedersen, tlf: 23 11 62 67

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SpareBank 1 SMN via Globenewswire

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