SpareBank 1 Nord-Norge issue NOK 100 million in a Lower Tier 2 subordinated note with an end maturity of 10 years, callable 15 December 2014. SpareBank 1 Nord-Norge and SpareBank 1 Nord-Norge Securities are the joint lead managers and bookrunners for this transaction. The loan has a floating interest rate of 3 mnd Nibor + 2.40 % for the first 5 years.  Following the call date 15 December 2014, the new interest rate will be 3 month NIBOR + 3.15 %.  The purpose of the loan issue is refinancing of a subordinated loan callable in February 2010.

  

CFO Rolf Eigil Bygdnes +47 905 19 774