SpareBank 1 SMN Issues NOK 700M in Green Bonds

SpareBank 1 SMN (SRMGF) has released an update.

SpareBank 1 SMN has completed a successful placement of Green Senior Non-Preferred bonds worth NOK 700 million, divided into two tranches with maturity dates in 2027 and 2029, respectively. The bonds, rated Aa3/Stable by Moody’s, have floating coupon rates tied to 3m NIBOR with additional spreads of 0.78% and 0.98%. The transaction was facilitated by SEB and SpareBank 1 Markets as Joint Lead Managers.

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