By Devika Patel
Knoxville, Tenn., Aug. 16 – SpareBank 1 Nord-Norge sold NOK 1 billion of three-year green senior non-preferred bonds at par in a private placement, according to a press release.
Interest accrues at Nibor plus 110 basis points.
DNB Markets and SpareBank 1 Markets were the bookrunners.
The financial services group is based in Trondheim, Norway.
| Issuer: | SpareBank 1 Nord-Norge
|
| Amount: | NOK 1 billion
|
| Issue: | Green senior non-preferred bonds
|
| Maturity: | Aug. 22, 2025
|
| Bookrunners: | DNB Markets and SpareBank 1 Markets
|
| Coupon: | Nibor plus 110 bps
|
| Price: | Par
|
| Announcement date: | Aug. 16
|
| Settlement date: | Aug. 22
|
| Distribution: | Private placement
|
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