Brief: Sparebank 1 Sr-Bank ASA Contemplates NOK 1 Bln Private Placement
26/10/2023 15:38
Oct 26 (Reuters) - Sparebank 1 SR Bank ASA SRBNK.OL :
* CONTEMPLATED PRIVATE PLACEMENT
* IS OFFERING NEW SHARES TO RAISE GROSS PROCEEDS OF UP TO ABOUT NOK 1 BILLION
* SUBSCRIPTION PRICE WILL BE DETERMINED ON BASIS OF A BOOK-BUILDING PROCESS
* INTENDS TO USE NET PROCEEDS TO MEET INCREASED REGULATORY CAPITAL REQUIREMENTS
* INTENDS TO USE NET PROCEEDS TO BE ABLE TO CONTINUE ITS CURRENT DIVIDEND POLICY WHILE
MAINTAINING
LENDING GROWTH IN 2024
Source text for Eikon: ID:nObiyLb4Ra
Further company coverage: SRBNK.OL
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