Sparebanken Øst: Successful issuance of Tier 2 bond and buy-back

05 Dec 2022 17:05 CET

Issuer

Sparebanken Øst

Sparebanken Øst AS (rated A1 Stable by Moody's) has today issued a new Tier 2
bond of NOK 200 million with ISIN NO0012779489
The coupon is 3 months Nibor + 2.37%. Settlement date is 9 December 2022. The
Tier 2 issue has a first call option for the issuer on 9 December 2027, subject
to an approval from the Financial Supervisory Authority of Norway, if required.
The new issue has been approved by the bank's Supervisory Board. The bonds will
be applied for listing on Nordic ABM.
In conjunction with the new issue, Sparebanken Øst has bought back NOK 145
million in Tier 2 bond SPOG75 PRO (ISIN: NO0010816275).
Danske Bank and Swedbank acted as Joint Lead Managers

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