Sparebanken Møre has mandated Danske Bank and DNB Markets as joint lead managers to explore the opportunity to issue a new perpetual Additional Tier 1 bond, subject to market conditions. The bond issue will have a first call option for the issuer after 5 years, subject to an approval from the Norwegian FSA.
In connection with this potential issuance of Additional Tier 1 capital, the issuer will consider a buy-back, in whole or in parts, of the outstanding Additional Tier 1 issue with NO0010532765 (MORG29).
The new issue is approved by bank’s General Meeting, and an approval of the new issue and an buy-back is given by the Norwegian FSA.
Ålesund, 3 June 2019
Sparebanken Møre
Ove T. Ness, Head of Treasury, tlf: +47 70 11 31 50 /+47 957 62 524
Runar Sandanger, leder Seksjon Treasury og Markets, tlf: 70 11 31 73 eller 950 43 660