SpareBank 1 SR-Bank announced on 25 September 2009 that in connection with the strengthening of the bank's equity, the bank would also issue a new tier 1 perpetual bond.

 

SpareBank 1 SR-Bank is now about to launch a tier 1 perpetual bond issue in the Norwegian bond market. The bond will be callable and issued in two tranches; one with a variable coupon rate and one with a fixed coupon rate in the non-call period.

 

Arrangers are SpareBank 1 SR-Markets, Argo Securities and SEB Merchant Banking.

 

Contact person arrangers:

 

SpareBank 1 SR-Markets, Bjørn Sivertsen, + 47 900 94 674

Argo Securities, Sten Are Jensen, + 47 24 14 74 57

SEB Merchant Banking, Hans Christian Ottesen, + 47 22 82 72 56

 

Contact person at SpareBank 1 SR-Bank:

 

Dag A. Hjelle, Head of Treasury, + 47 51 50 94 37