SpareBank 1 SMN : Issuance of Tier 2 capital

8/20/2018, 3:57 PM (Source: GlobeNewswire)

SpareBank 1 SMN refers to the announcement on 20 August 2018, and the bank has today issued a subordinated Tier 2 bond issue of NOK 500 million with a 10-year tenor. Settlement date for the bond issue is 4 September 2018. The principal amount was increased from NOK 400 million due to a substantial oversubscription.

The Tier 2 bond issue has a coupon of 3 months NIBOR + 1,45% p.a. The issuer has a first call option after 5 years, subject to an approval from the Norwegian FSA.

The new issues are approved by the Norwegian FSA and the bank's Supervisory Board.

DNB Markets and SpareBank 1 Markets acted as joint lead managers.

Trondheim, 4 September 2018

Contact person in SpareBank 1 SMN:  
Deputy Head of treasury Per Egil Aamo, tel +47 73 58 64 66


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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