Pareto Bank ASA: Contemplating issuance of Additional Tier 1 and Tier 2 bonds

03 Mar 2023 13:15 CET

Issuer

Pareto Bank ASA

Pareto Bank ASA: Contemplating issuance of Additional Tier 1 and Tier 2 bonds

Pareto Bank ASA (Issuer rating BBB by Scope Ratings) has mandated Danske Bank
and SpareBank 1 Markets as Joint Lead Managers for potential issuance of a new
perpetual Additional Tier 1 bond and a Tier 2 bond issue.

The Additional Tier 1 and Tier 2 bonds will have floating and/or fixed 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 AT1 bond with ticker PARB30 PRO (ISIN: NO0010822950).

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

The potential bond issues have been approved by the bank's General Meeting and
Board of Directors.

Oslo, 3 March 2023.


Source

Pareto Bank ASA

Provider

Oslo Børs Newspoint

Company Name

PARETO BANK, Pareto Bank ASA 18/PERP FRN C HYBRID, Pareto Bank ASA 18/23 FRN, Pareto Bank ASA 19/23 FRN, Pareto Bank ASA 19/29 FRN C SUB, Pareto Bank ASA 19/PERP FRN C HYBRID, Pareto Bank ASA 19/24 FRN, Pareto Bank ASA 20/25 FRN, Pareto Bank ASA 21/26 FRN, Pareto Bank ASA 21/24 FRN, Pareto Bank ASA 21/31 FRN C SUB, Pareto Bank ASA 22/26 2.70 pct, Pareto Bank ASA 22/25 FRN, Pareto Bank ASA 22/27 FRN, Pareto Bank ASA 22/PERP FRN C HYBRID, Pareto Bank ASA 22/32 FRN C SUB

ISIN

NO0010397581, NO0010822950, NO0010831126, NO0010846892, NO0010858541, NO0010858558, NO0010861909, NO0010892987, NO0010989155, NO0010989163, NO0011042244, NO0012424169, NO0012424144, NO0012424151, NO0012478397, NO0012478413, NO0012738626

Symbol

PARB

Market

Oslo Børs Nordic Alternative Bond Market