The book in SpareBank 1 SR-Bank ASA`s 10NC5 Tier 2 is closed. Orders of NOK 825 millions, further order is not possible. The nominal of the bond will be NOK 825 millions. Initial accrual date is 3 November 2012 with a coupon of 3 month nibor + 275 bp.
"This Tier 2 capital strengthens the bank`s credit quality. It enhances the bank`s ability to raise funding at favourable conditions in both the domestic as well as in the international market" says CFO Inge Reinertsen.
Arrangers are SpareBank 1 SR-Bank Markets, Danske Bank Markets, Swedbank First Securities and SpareBank 1 Markets.
Contact at SpareBank 1 SR-Bank ASA:
Vidar Torsøe, Vice President Investor Relations, + 970 80 656
Dag A. Hjelle, Head of Treasury, + 47 909 50 088
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: SpareBank 1 SR-Bank ASA via Thomson Reuters ONE