Brief: Sparebanken Sør: Placement Of New Senior Non-Preferred Bonds

Sparebanken Sor

07/06/2022 12:34

June 7 (Reuters) - Sparebanken Sor  SOR.OL :
    * SPAREBANKEN SØR: SUCCESSFUL PLACEMENT OF NEW SENIOR
NON-PREFERRED BONDS
    * SPAREBANKEN SØR HAS TODAY SUCCESSFULLY COMPLETED PLACEMENT
OF
TWO NEW SENIOR NON-PREFERRED BONDS WITH A TOTAL AMOUNT OF NOK 1
BN
    * TRANSACTION IS SPLIT IN TWO TRANCHES: 5 YEAR NOK 500
MILLION
WITH AN ISSUE PRICE OF 100% OF PAR VALUE WITH FLOATING RATE AND
A COUPON OF 3M NIBOR + 1.25% P.A.
    * SECOND TRANCH: 5 YEAR NOK 500 MILLION WITH AN ISSUE PRICE
OF
100% OF PAR VALUE WITH FIXED RATE AND A COUPON OF 4.15% P.A.

Source text for Eikon:  ID:nObiFFjv2a 
Further company coverage:  SOR.OL 

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