Sandnes Sparebank : Tier 1 Perpetual Bond Issue - Books closed

The books in Sandnes Sparebank Tier 1 bond issue are now closed.

The nominal amount of the bond will be NOK 300 million and will accrue interest from 22 January 2014 with a coupon of 3 month NIBOR +375 bps.

In parallel with the new issue the following existing Tier 1 bonds have been repurchased:
SADG23 (ISIN NO0010230501) NOK 4 million, remaining issued nominal amount is NOK 51,5 million
SADG24 (ISIN NO0010230519) NOK 56,5 million, remaining issued nominal amount is NOK 88 million
SADG53 (ISIN NO0010610959) NOK 124 million, remaining issued nominal amount is NOK 176 million

Arrangers were Danske Bank Markets and Nordea Markets.

Contact Sandnes Sparebank:
Terje Frafjord, CFO, tel:  [phone]
Ellen M Schiefloe, Head of Treasury, tel: [phone]

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sandnes Sparebank via Globenewswire

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