SpareBank 1 Nord-Norge: Issuance of Tier 2

SpareBank 1 Nord-Norge refers to the announcement on 13 August 2018, and the bank has today issued a subordinated Tier 2 bond issue of NOK 350 million. Settlement date for the bond issue is 28 August 2018. The principal amount was increased from NOK 300 million due to a substantial oversubscription.

The Tier 2 bond issue has a coupon of 3 months NIBOR + 1,40 % 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.

Tromsø, 13 August 2018

Contact person in SpareBank 1 Nord-Norge:

  • Ronny Løvberg Sørensen, Head of Treasury, +47 77 62 20 55 / +47 971 05 220

About Us

SpareBank 1 Nord-Norge is a leading provider of financial products and services in North-Norway. In addition to loans, deposits and payment transmission services, this also comprises most other savings products, as well as life- and non-life insurance products. Services and products are made available either by the bank and its subsidiaries, or through SpareBank 1 Gruppen AS's product companies.

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