SpareBank 1 SMN : Issuance of Additional Tier 1 capital

8/21/2018, 3:24 PM (Source: GlobeNewswire)

SpareBank 1 SMN refers to the announcement on 20 August 2018, and the bank has today issued an Additional Tier 1 bond issue with perpetual tenor in the amount of NOK 200 million. Settlement date for the bond issue is 4 September 2018.  

The Additional Tier 1 bond issue has a coupon of 3 months NIBOR + 3.35% p.a. The issuer has a first call option after 5 years, subject to an approval from the Norwegian FSA.

In connection with the new issuance, the bank has bought back NOK 4 million of the outstanding volume in the Additional Tier 1 bond issue MING68 (ISIN NO0010692494), also with settlement date 4 September 2018.

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, 21 August 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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