SpareBank 1 SMN is considering issuing a new Tier2 of minimum NOK 650 million and up to NOK 1 000 million. The bond will have a maturity of 10-year with annual redemption rights for the issuer after 5 years (5 +5). The loan has no incentives to redeem (without step-up) if the loan is continued after 5 years.
The bond will include a regulatory call in case the capital fails to meet future regulatory requirements for Tier 2 capital.
Arrangers for the new issue are SpareBank 1 SMN Markets, SpareBank 1 Markets and Swedbank First Securities.
Contact SpareBank 1 SMN:
Kjell Fordal, CFO, tel: 90 54 16 72
Dag Olav Uddu, Head of Treasury, tel: 90 08 11 47
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)