Sparebank 1 Østlandet

06/18/2021 | Press release | Distributed by Public on 06/18/2021 05:40

SpareBank 1 Østlandet: Successful tap of Senior Non-Preferred Bond Issue in NOK

SpareBank 1 Østlandet has today tapped ISIN NO0011035321 by NOK 500 million, increasing the total amount of the bond issue to NOK 1,500 million, at an issue price corresponding to 6m Nibor + 0.65%. The bond issue has a tenor of 7 years with first call option for the issuer after 6 years and an annual coupon of 2.24%. Settlement date is set to 28 June 2021. Danske Bank and SpareBank 1 Markets acted as Joint Lead Managers. Contacts in SpareBank 1 Østlandet: Cathrine Mordal, Head of Treasury, +47 480 02 537 Runar Hauge, Portfolio Manager, +47 482 95 659 This information is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act.