Sparebanken Øst: Contemplating issuance of Tier 2 bonds and buy-back

05 Dec 2022 10:15 CET

Issuer

Sparebanken Øst

Sparebanken Øst AS (rated A1 Stable by Moody's) has mandated Danske Bank and
Swedbank as Joint Lead Managers for a potential issuance of a new dated Tier 2
bond issue with a volume of NOK 200 million, subject to market conditions.
The Tier 2 bond issue will have a tenor of minimum 10 years and a first call
option for the issuer minimum 5 years after the issue date, subject to an
approval from the Financial Supervisory Authority of Norway, if required.
In conjunction with the new issue, the issuer will consider buy-back, in whole
or parts, of the outstanding Tier 2 bond issue with ISIN NO0010816275. Any
buy-back volume will be limited to the new issuance volume.
The timing of the potential transaction is subject to market conditions and has
been approved by the issuer’s Supervisory Board.

Drammen 5. December 2022

Contact Sparebanken Øst:
Vegard Kvamme, Head of Treasury, tel: 97700370


Source

Sparebanken Øst

Provider

Oslo Børs Newspoint

Company Name

SPAREBANKEN ØST, Spb Øst 14/24 4,10%, Spb Øst 15/25 3,13%, Spb Øst 18/28 FRN C SUB, Spb Øst 18/23 2,40%, Spb Øst 18/23 FRN, Spb Øst 18/PERP FRN C HYBRID, Spb Øst 18/24 2,67%, Spb Øst 19/PERP FRN C HYBRID, Spb Øst 19/26 2,15%, Spb Øst 19/24 FRN, Spb Ost 21/27 FRN C, Spb Ost 21/28 1.88, Spb Ost 22/28 ADJ C, Spb Ost 22/29 4.30pct

ISIN

NO0006222009, NO0010700263, NO0010746548, NO0010816275, NO0010825144, NO0010830698, NO0010832132, NO0010832918, NO0010835002, NO0010859200, NO0010860513, NO0010869266, NO0010941156, NO0010939770, NO0012434358, NO0012561655

Symbol

SPOG

Market

Oslo Børs Nordic Alternative Bond Market