By Rebecca Melvin
Concord, N.H., March 30 – Sparebanken Vest Boligkreditt AS has priced NOK 2.5 billion green senior preferred bonds in two four-year tranches.
The NOK 1.7 billion tranche of floating-rate notes was issued at par with a coupon of three-month Nibor plus 68 basis points.
The NOK 800 million tranche of fixed-rate notes was issued at par with a 3.515% coupon.
Nordea and SEB are bookrunners of the transaction.
The issuer is a subsidiary of Sparebanken Vest, a bank based in Bergen, Norway.
| Issuer: | Sparebanken Vest Boligkreditt AS
|
| Issue: | Green senior preferred bonds
|
| Amount: | NOK 2.5 billion
|
| Bookrunners: | Nordea and SEB
|
| Announcement date: | March 30
|
|
|
| Floaters
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| Amount: | NOK 1.7 billion
|
| Maturity: | Four years
|
| Coupon: | Nibor plus 68 bps
|
| Price: | Par
|
| Yield: | Nibor plus 68 bps
|
|
|
| Fixed-rate notes
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| Amount: | NOK 800 million
|
| Maturity: | Four years
|
| Coupon: | 3.515%
|
| Price: | Par
|
| Yield: | 3.515%
|
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