Sparebanken Vest has today issued two new Tier 2 bonds with a combined volume ofNOK 600 million . Both loans were substantially oversubscribed. o FRN:NOK 400 million , coupon 3 month NIBOR + 1.65% p.a. o Fixed:NOK 200 million , coupon 5.51% p.a. Settlement date for both tranches isMay 15th 2024 . Both issues have a first call option for the issuer onNovember 15th 2029 , subject to approval from theFinancial Supervisory Authority of Norway , if required. The new issues have been approved by the bank's General Meeting. The bond issues will be applied for listing on Nordic ABM. Nordea and SEB acted as Joint Lead Managers. Bergen,May 7th 2024 . Contact personsSparebanken Vest :John Hopp , Head ofTreasury , tel: +47 450 81 776Thomas Colliander , Finance Manager Treasury, tel: +47 990 28 618 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Click here for more information
© Oslo Bors ASA, source