SpareBank 1 Østlandet: Contemplating issuance of Tier 2 bonds and buy-back

13 Feb 2023 13:00 CET

SpareBank 1 Østlandet (Issuer rating Aa3 by Moody’s) has mandated Nordea 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 a floating and/or fixed rate coupon 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 SPOL52 PRO
(ISIN:NO0010824964).

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

The potential bond issue and buy-back has been approved by the bank's
Supervisory Board and the Norwegian FSA.

SpareBank 1 Østlandet contact person:
Cathrine Mordal, Head of Treasury, +47 480 02 537
Runar Hauge, Porfolio Manager, +47 482 95 659


Source

SpareBank 1 Østlandet

Provider

Oslo Børs Newspoint

Company Name

Spb Hedmark 13/23 4,00%, Bank 1 Oslo Akershus AS 16/26 2,90%, Spb Hedmark 17/23 2,21%, Spb 1 Østlandet 17/27 2,665%, SPAREBANK 1 ØSTLANDET, Spb 1 Østlandet 17/23 2,00%, Spb 1 Østlandet 17/27 2,62%, Spb 1 Østlandet 18/24 2,27%, Spb 1 Østlandet 18/33 2,99%, Spb 1 Østlandet 18/28 FRN C SUB, Spb 1 Østlandet 18/24 FRN, Spb 1 Østlandet 18/24 2,43%, Spb 1 Østlandet 19/25 2,54%, Spb 1 Østlandet 19/29 FRN C SUB, Spb 1 Østlandet 19/PERP FRN C HYBRID, Spb 1 Østlandet 20/25 FRN, Spb 1 Østlandet 20/25 2,27%, Spb 1 Østlandet 20/26 FRN C, Spb 1 Østlandet 20/PERP FRN C HYBRID, Spb 1 Ostlandet 21/28 2.24% pct, Spb 1 Ostlandet 21/25 FRN C, Spb 1 Ostlandet 21/PERP FRN C HYBRID, Spb 1 Ostlandet 21/28 2.25pct, Spb 1 Ostlandet 21/31 2.4275pct, Spb 1 Ostlandet 21/26 2.00 pct, Spb 1 Ostlandet 22/27 FRN, Spb 1 Ostlandet 22/26 2,33%, Spb 1 Ostlandet 22/27 4.50pct, Spb 1 Ostlandet 22/33 ADJ C SUB, Spb 1 Ostlandet 23/28 4,335%, Spb 1 Ostlandet 23/28 FRN

ISIN

NO0010695067, NO0010758105, NO0010790298, NO0010793268, NO0010751910, NO0010805526, NO0010806607, NO0010814494, NO0010816614, NO0010824964, NO0010830672, NO0010830680, NO0010844004, NO0010862014, NO0010862006, NO0010874001, NO0010874019, NO0010886831, NO0010885049, NO0010893639, NO0011035321, NO0011082778, NO0011108896, NO0011127714, NO0011123473, NO0011167801, NO0011202814, NO0011202822, NO0012702614, NO0012702606, NO0012720939, NO0012721820, NO0012818006, NO0012817990

Symbol

SPOL

Market

Oslo Børs Nordic Alternative Bond Market