SpareBank 1 SMN: Successful issuance of Additional Tier 1 bonds

16 Nov 2022 16:04 CET

Issuer

SpareBank 1 SMN

SpareBank 1 SMN (Issuer rating A1 (outlook positive) by Moody’s) has today
issued two new perpetual Additional Tier 1 bonds.

NOK 500 million, with a floating rate. The coupon is equal to 3month NIBOR +
3.90 percentage points p.a.

NOK 200 million, the coupon is 7.12% p.a. until 23 February 2028, and 3month
NIBOR +3.90 percentage points for the remaining period if the call option is not
exercised.

Settlement date is 23 November 2022. The Additional Tier 1 issue has a
first-time call option for SpareBank 1 SMN on 23 November 2027, subject to an
approval from the Financial Supervisory Authority of Norway, if required.

The new issue has been approved by the bank's general meeting and the Norwegian
FSA. The bonds will be applied for listing on Nordic ABM.

Nordea and SpareBank 1 Markets acted as Joint Lead Managers.

Trondheim, 16 November 2022

Contact SpareBank 1 SMN:
Deputy Head of treasury Per Egil Aamo, telephone +47 73 58 64 66


Source

SpareBank 1 SMN

Provider

Oslo Børs Newspoint

Company Name

SPAREBANK 1 SMN, Spb 1 SMN 13/23 4,05%, Spb 1 SMN 14/29 3,00%, Spb 1 SMN 17/23 2.20%, Spb 1 SMN 17/29 FRN C SUB, Spb 1 SMN 18/24 2,19%, Spb 1 SMN 18/PERP FRN C HYBRID, Spb 1 SMN 18/PERP ADJ C HYBRID, Spb 1 SMN 18/23 FRN, Spb 1 SMN 18/24 2,33%, Spb 1 SMN 18/28 FRN C SUB, Spb 1 SMN 19/24 2,39 %, Spb 1 SMN 19/PERP FRN C HYBRID, Spb 1 SMN 20/25 FRN, Spb 1 SMN 20/25 2,375 %, Spb 1 SMN 20/26 FRN C, Spb 1 SMN 20/26 FRN, Spb 1 SMN 20/26 1,40%, Spb 1 SMN 21/27 1.6325 pct C, Spb 1 SMN 21/27 FRN C, Spb 1 SMN 21/25 FRN C, Spb 1 SMN 21/27 ADJ C, Spb 1 SMN 22/28 ADJ C, Spb 1 SMN 22/28 FRN, Spb 1 SMN 22/32 FRN C SUB, Spb 1 SMN 22/27 3.97 pct, Spb 1 SMN 22/27 FRN, Spb 1 SMN 22/27 4.515pct, Spb 1 SMN 22/25 FRN, Spb 1 SMN 22/28 4.95pct

ISIN

NO0006390301, NO0010694946, NO0010725112, NO0010792823, NO0010806615, NO0010814205, NO0010814676, NO0010814684, NO0010816507, NO0010820962, NO0010831175, NO0010830755, NO0010830763, NO0010835796, NO0010850340, NO0010865660, NO0010872724, NO0010872740, NO0010891757, NO0010905474, NO0010905490, NO0010918154, NO0010918162, NO0011078420, NO0011083487, NO0011204182, NO0011207300, NO0012490103, NO0012540063, NO0012629411, NO0012629429, NO0012629403, NO0012747080

Symbol

MING

Market

Oslo Børs Nordic Alternative Bond Market