Sparebanken Vest

10/14/2021 | Press release | Distributed by Public on 10/14/2021 01:00

Sparebanken Vest: Mandated arrangers for potential new subordinated tier 2 bond issue

Sparebanken Vest has mandated Swedbank AB (publ.) and Norne Securities AS as arrangers for a potential issuance of a new dated Tier 2 bond issue of NOK 350 million with floating rate, subject to market conditions. The Tier 2 bond issue will have a tenor of 10 years with first call option for the bank 5 years after the issue date. In conjunction with the potential new issue, the bank will consider buy-back, in whole or parts, of the outstanding Tier 2 bond issue with ISIN NO0010786015 (SVEG90 PRO). The potential bond issue and buy-back have been approved by the bank's General Meeting and Board of Directors. Contact persons in Sparebanken Vest: John Hopp, Head of Treasury, tel: +47 45 08 17 76 Thomas Colliander, Finance Manager, tel: +47 99 02 86 18