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

03 Feb 2023 08:52 CET

Issuer

Sparebanken Vest

Sparebanken Vest (Issuer rating Aa3 by Moody’s) has mandated DNB Markets, Norne
and SpareBank 1 Markets as Joint Lead Managers for potential issuance of Tier 2
bonds of up to NOK 500 million.

The Tier 2 bonds will have floating rate 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 bank will consider buy-back, in whole or
parts, of the outstanding Tier 2 bond issue with ticker SVEG95 PRO (ISIN:
NO0010820228).

The timing of the potential transaction is subject to market conditions.

Bergen, 3 February 2023

Contact person in Sparebanken Vest:
John Hopp, Head of Treasury, tel: +47 450 81 776


Source

Sparebanken Vest

Provider

Oslo Børs Newspoint

Company Name

SPAREBANKEN VEST, Spb Vest 18/PERP FRN C HYBRID, Spb Vest 18/28 FRN C SUB, Spb Vest 18/23 2,35%, Spb Vest 19/29 FRN C SUB, Spb Vest 19/24 FRN, Spb Vest 19/24 2,07%, Spb Vest 19/25 2,42%, Spb Vest 19/25 FRN, Spb Vest 20/PERP FRN C HYBRID, Spb Vest 20/26 ADJ C, Spb Vest 20/26 FRN C, Spb Vest 21/27 FRN C, Spb Vest 21/31 FRN C SUB, Spb Vest 21/PERP FRN C HYBRID, Spb Vest 21/24 FRN, Spb Vest 21/25 1.84pct NOK, Spb Vest 22/26 FRN, Spb Vest 22/26 3.515pct, Spb Vest 22/25 FRN, Spb Vest 22/25 3.60 pct, Spb Vest 22/PERP ADJ C HYBRID

ISIN

NO0006000900, NO0010819683, NO0010820228, NO0010823743, NO0010831530, NO0010837099, NO0010852221, NO0010861743, NO0010864093, NO0010872252, NO0010871270, NO0010882400, NO0010887268, NO0010890114, NO0010917107, NO0010936768, NO0011008401, NO0011032328, NO0011109597, XS2393937300, NO0011130221, NO0012490053, NO0012490061, NO0012539107, NO0012539115, NO0011204133, NO0012747106

Symbol

SVEG

Market

Oslo Børs Nordic Alternative Bond Market