Sparebanken Møre refers to announcements on 3 June 2019, and the bank has today issued a perpetual Additional Tier 1 bond issue in the amount NOK 250 million. The new issuance will have a first call option for the issuer after 5 years. In addition, the company has bought back NOK 122 million of the outstanding volume in ISIN NO0010532765 (MORG29) at a price of 102.35.
The new bond issue will have a coupon corresponding to 3 months NIBOR + 3.50% p.a., and both transactions will have settlement on 12 June2019.
The company’s General Meeting has approved the new issuance, and the Norwegian FSA has approved both the issuance and the buy-back.
Danske bank and DNB Markets acted as joint lead managers.
Ålesund, 5 June 2019
Sparebanken Møre
Runar Sandanger, Head of Treasury & Markets, tel: +47 70 11 31 73 or +47 950 43 660
Ove T. Ness, Head of Treasury, tel: +47 70 11 31 74 or +47 957 62 524