By Devika Patel
Knoxville, Tenn., Nov. 4 – SpareBank 1 SMN priced NOK 3.25 billion of green fixed- and floating-rate bonds in two tranches on Monday, according to a press release.
SpareBank 1 sold six-year floating-rate notes to yield Nibor plus 66 basis points.
The company sold 1.4% six-year fixed-rate notes.
Danske Bank and SpareBank 1 Markets are the bookrunners.
SpareBank is a Trondelag, Norway-based savings bank that is part of the SpareBank 1 group.
| Issuer: | SpareBank 1 SMN
|
| Amount: | NOK 3.25 billion
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| Description: | Fixed- and floating-rate green bonds
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| Bookrunners: | Danske Bank and SpareBank 1 Markets
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| Trade date: | Nov. 9
|
| Settlement date: | Nov. 17
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|
|
| Floaters
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| Maturity: | Six years
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| Coupon: | Nibor plus 66 bps
|
|
|
| Fixed-rate notes
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| Maturity: | Six years
|
| Coupon: | 1.4%
|
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