Successful issuance of Senior Non-Preferred Bond in NOK

Successful issuance of Senior Non-Preferred Bond in NOK

SpareBank 1 SMN has today issued its inaugural senior non-preferred bond issue of NOK 1 billion with a tenor of 6 years. The issue has a first call option after 5 years, and has a floating coupon rate equal to 3 months NIBOR +83bps. Settlement date is 2 September 2020.

DNB Markets, SEB and SpareBank 1 Markets acted as joint lead managers.

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