SpareBank 1 Sørøst-Norge referred to announcement and has in connection with the issuance of a new NOK 200 million Tier 2 bond issue bought back NOK 41 million of the outstanding bond issue (NOK 50 million) with ISIN NO0010823412 (SOON18 PRO), and the total outstanding volume of NOK 150 million with ISIN NO0010830508 (SOON19 PRO). The bonds bought back will be written down in the CSD on the settlement date 24 May 2023, subject to settlement of the new Tier 2 issue. The Financial Supervisory Authority of Norway has approved the refinancing of the two subordinated Tier 2 bond issues.

DNB Markets was arranger of the transaction.