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Prospect News home > News index > List of issuers Tenders > Headlines for 2018 > News item
Published on 8/21/2018 in the Prospect News Liability Management Daily.

SpareBank 1 SMN repurchases NOK 4 million of its MING68 tier 1 bonds

By Sarah Lizee

Olympia, Wash., Aug. 21 – SpareBank 1 SMN repurchased NOK 4 million of bonds from its MING68 additional tier 1 bond issue.

Settlement is planned for Sept. 4, according to a company announcement.

The bank also said it had sold NOK 200 million of additional tier 1 bonds with a coupon of Nibor plus 335 basis points. There is a first call option after five years, subject to an approval from the Norwegian FSA.

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.


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