By Marisa Wong
Morgantown, W.Va., June 17 – Totens Sparebank issued NOK 125 million of floating-rate perpetual hybrid tier 1 notes on Friday, according to a notice.
The notes bear interest at Nibor plus 370 basis points.
DNB Bank ASA and DNB Markets are the managers.
Totens is a local bank based in Lena, Norway.
| Issuer: | Totens Sparebank
|
| Issue: | Hybrid tier 1 notes
|
| Amount: | NOK 125 million
|
| Maturity: | Perpetual
|
| Managers: | DNB Bank ASA and DNB Markets
|
| Coupon: | Nibor plus 370 bps
|
| Settlement date: | June 14
|
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