Sparebanken Vest: Successful issuance of Tier 2 bond

03 Feb 2023 13:37 CET

Issuer

Sparebanken Vest

SpareBanken Vest (Issuer rating Aa3 by Moody’s) has today issued a new Tier 2
bond of NOK 500 million, with a floating rate. The coupon is equal to 3 months
Nibor + 1.95 percentage points p.a., and settlement date is 10 February 2023.
Maturity date is 10 August 2033. 

The Tier 2 issue has a first-time call option for Sparebanken Vest on 10 May
2028, subject to an approval from the Financial Supervisory Authority of Norway,
if required. 

DNB Markets, Norne and SpareBank 1 Markets acted as Joint Lead Managers.  

Bergen, 3 February 2023 

Contact persons 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