SpareBank 1 SR-Bank ASA: SRBANK - TIER 2 - BOOKS CLOSED

The book in SpareBank 1 SR-Bank ASA's 10NC5 Tier 2 is closed.  Orders of NOK 825 millions, further order is not possible. The nominal of the bond will be NOK 825 millions. Initial accrual date is 3 November 2012 with a coupon of 3 month nibor + 275 bp.

"This Tier 2 capital strengthens the bank's credit quality. It enhances the bank's ability to raise funding at favourable conditions in both the domestic as well as in the international market" says CFO Inge Reinertsen.

Arrangers are SpareBank 1 SR-Bank Markets, Danske Bank Markets, Swedbank First Securities and SpareBank 1 Markets.

Contact at SpareBank 1 SR-Bank ASA:

Vidar Torsøe, Vice President Investor Relations, + 970 80 656
Dag A. Hjelle, Head of Treasury, + 47 909 50 088

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

About Us

SpareBank 1 SR-Bank is Norway’s second largest savings bank and operates in the Rogaland, Agder and Hordaland markets. We provide financial products and services, including loans and deposits, mutual funds and asset management, insurance and pension savings, payment and financing services, real estate brokerage and services related to the money and capital market. The head office is in Stavanger.

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