Sparebank 1 SMN

SpareBank 1 SMN: Successful issuance of Senior Non-Preferred Bond in NOK

SpareBank 1 SMN: Successful issuance of Senior Non-Preferred Bond in NOK

SpareBank 1 SMN has today issued a fixed and floating rate senior non-preferred bond of a combined size of NOK 1.5 billion with a tenor of 6 years and one month.

First call option after 5 years and 1 month.

The floating coupon rate equal to 3 months NIBOR +70bps and the fixed rate coupon equal to 1,6325% annually.
Settlement date is 19 January 2021 and maturity date 19 February 2027.

SpareBank 1 Markets acted as lead manager.



This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act