-+ 0.00%
-+ 0.00%
-+ 0.00%

Sparebanken Norge Launches NOK500 Million Tier 2 Bond

MT Newswires·12/03/2025 00:10:37
Listen to the news
12:10 AM EST, 12/03/2025 (MT Newswires) -- Norwegian lender Sparebanken Norge (SBNOR.OL) said Tuesday it issued a tier 2 capital bond worth 500 million Norwegian kroner. The bond carries a coupon of three months Norwegian Interbank Offered Rate plus 1.20% per annum and includes a first call date of March 10, 2031, subject to approval from the Norwegian Financial Supervisory Authority. Settlement is scheduled for Dec. 10, and the issuance will be applied for listing on Nordic ABM.