Skip to main content

Sbanken ASA:

Written by Customer Service on . Posted in Public Companies.

Sbanken ASA has today issued a new Additional Tier 1 bond of NOK 100 million, with a coupon equal to 3 months Nibor + 3.00 percentage points. The Additional Tier 1 bond issue has a perpetual tenor, with a first call option after 5 years.Sbanken ASA has in addition issued NOK 150 million in a new dated Tier 2 bond issue with a coupon equal to 3 months Nibor + 1.25 percentage points. The Tier 2 issue has a tenor of 10 years, with a first call option after 5 years.The two bond issues will sought to be listed on Nordic ABM and the issue dates will be 28 August 2020.Sbanken ASA has in conjunction with the bond issues, with settlement date 28 August 2020, bought back NOK 29 million of ISIN NO0010746456 (SBANK03 PRO) at a price of 100.515 per cent and NOK 16 million of ISIN NO0010746464 (SBANK04 PRO) at a price of 100.271 per cent.Sbanken ASA’s Board of Directors has approved the bond issues and the buybacks. Approval from the general meeting in the bank was given 24 April 2020.SpareBank1 Markets and Swedbank acted as arrangers for the transactions.Contact persons:
Øyvind Telle, Head of Treasury, Sbanken ASA, +47 916 88 704
Jesper M. Hatletveit, Head of IR, Sbanken ASA, +47 959 40 045This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.