SpareBank 1 SMN (Issuer rating Aa3 with stable outlook by Moody's) has today issued a new perpetual Additional Tier 1 bond of NOK 450 million with ISIN NO0013354670. The coupon is 3 months Nibor + 2.85 percentage points p.a. Settlement date is 30 September 2024.
The Additional Tier 1 bond issue has a first-time call option for the issuer on 15 January 2030, subject to an approval from the Financial Supervisory Authority of Norway, if required. The new issue has been approved by the Bank's General meeting. The bonds will be applied for listing on Nordic ABM.
DNB Markets and SpareBank 1 Markets acted as Joint Lead Managers.
Trondheim, 24 September 2024
Contact person SpareBank 1 SMN:
Head of Treasury Unni Larsen, +47 993 63 369
Deputy Head of treasury Per Egil Aamo, telephone +47 73 58 64 66
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.