| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers Tenders > Headlines for 2017 > News item |
SpareBank 1 SMN buys NOK 600 million of MING64 PRO bond issue
New York, May 30 – SpareBank 1 SMN repurchased NOK 600 million of bonds from its MING64 PRO issue.
Settlement is planned for June 15, according to a company announcement.
SpareBank said earlier Tuesday that it was considering buying back the bonds at a price of 101.06.
The size of the repurchase was to be equal to the size of a planned new issue of up to NOK 700 million of tier 2 subordinated bonds, according to a news release.
Announcing the buyback, SpareBank also said it had sold NOK 600 million of tier 2 bonds with a coupon of Nibor plus 145 basis points.
DNB Markets and SpareBank 1 Markets are joint lead managers.
SpareBank 1 SMN is a Trondelag, Norway-based savings bank that is part of the SpareBank 1 group.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.