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