SpareBank 1 Sørøst-Norge (rated A2/ positive by Moody’s) has today issued a new Additional Tier 1 bond of NOK 100 million with a floating coupon rate. The coupon rate is equal to 3 months NIBOR + 3.70 percentage points p.a.
Settlement date is 23 June 2022, the new issue has a first-time call option for the issuer on 23 June 2027, subject to an approval from the Financial Supervisory Authority of Norway, if required.
The new issuance is approved by the issuer’s general meeting and the Financial Supervisory Authority of Norway.
SpareBank 1 Markets acted as Lead Manager.
Sandefjord, 15 June 2022
Contact persons in SpareBank 1 Sørøst-Norge:
Deputy CEO Geir Årstein Hansen, telephone 913 22 137.
Acting Head of Finance Mona Storbrua, telephone +47 916 39 833.