Sparebanken Sør (rated A1 with stable outlook by Moody’s) has mandated DNB Markets, Nordea and Norne as Joint Lead Managers for a potential issuance of Additional Tier 1 bonds of minimum NOK 250 million with a fixed and/or floating coupon rate.
The Additional Tier 1 bonds will have a perpetual tenor and have a first call option for the issuer minimum 5 years after the issue date.
The timing of the potential transaction is subject to market conditions. The potential bond issue has been approved by the bank's Board of Trustees.
Kristiansand, 12 February 2024
Contact persons in Sparebanken Sør:
Geir-Are Kårvik, Head of Treasury, tel: +47 934 96 044
Eirik Letnes Wuttudal, tel: +47 905 10 964
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.