Norway’s Sparebanken Oest mulls over buyback of tier 1 bonds

By Wendy Van Sickle

Columbus, Ohio, June 12 – Sparebanken Oest is considering a buyback either in whole or in part of an existing issue of tier 1 bonds (ISIN: NO0010832132), according to a notice.

The potential liability management exercise is related to the bank exploring an additional issue of NOK 200 million of tier 1 bonds.

The new issue would have a perpetual tenor and five years of call protection.

The savings bank is based in Bergen, Norway.

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