SpareBank 1 SMN («the Bank») refers to the announcement on January 16 2018. The Bank is contemplating to issue Additional Tier 1 capital with a perpetual tenor. One issue with first call option 5 years from the settlement date for maximum NOK 300 million with a floating rate, and one issue with first call option 7 years from the settlement date for maximum NOK 200 million with a fixed rate.
The Bank may offer a repurchase of bonds in the bond issue MING65 (ISIN: NO0010682313) at 101.19 and MING68 (ISIN: NO0010692494) at 101.97 with settlement 26 January 2018 for an amount up to the size of the Additonal Tier 1 (AT1) bond issue.
The Bank may, but shall not be obliged to, provide preferred allocation of bonds under the new AT1 issues to the bondholders who have sold their bonds in MING65/MING68 to the Bank.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SpareBank 1 SMN via Globenewswire
