Sbanken ASA : Mandate - potential new issuance of Additional Tier 1 and Tier 2 capital

3/13/2019, 3:06 PM (Source: GlobeNewswire)
Sbanken ASA has mandated DNB Markets and Swedbank Norway for a potential perpetual Additional Tier 1 bond issue and a dated Tier 2 bond issue with a 10 year tenor, subject to market conditions. Expected issue size for both bonds are NOK 75-125 million.
 
Both issues will carry a floating coupon rate, and have a first call option for the issuer after 5 years.
 
The transactions are approved by the general meeting on 27 April 2018 and an approval was given by the Norwegian FSA on 20 September 2018.
 
Contact person: Øyvind Telle, Head of Treasury, Sbanken ASA, tel.: +47 916 88 704
 
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sbanken ASA via Globenewswire

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