tiprankstipranks
Advertisement
Advertisement

SpareBank 1 SMN Sets New 5.2% Coupon on MING132 PRO Bond

Story Highlights
  • SpareBank 1 SMN set a 5.2 percent interest rate for bond NO0013588467 for the period from March to June 2026.
  • The updated coupon on the MING132 PRO bond follows the existing agreement and informs investors of expected income and funding costs.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SpareBank 1 SMN Sets New 5.2% Coupon on MING132 PRO Bond

Claim 55% Off TipRanks

SpareBank 1 SMN ( (SRMGF) ) just unveiled an update.

SpareBank 1 SMN has set a new interest rate of 5.2% for its bond with ISIN NO0013588467, covering the interest period from 18 March 2026 to 18 June 2026 under the ticker MING132 PRO. The rate and period have been determined in line with the existing bond agreement, providing investors with updated terms on the instrument’s upcoming coupon period.

This adjustment clarifies the expected coupon income for bondholders over the specified three‑month period and reflects current market conditions embedded in the bank’s funding costs. The announcement, published via Nordic Trustee, ensures transparency for stakeholders following the bank’s bond funding program and its associated interest obligations.

More about SpareBank 1 SMN

SpareBank 1 SMN is a Norwegian financial institution that operates as a regional savings and commercial bank, offering banking and financing services to retail and corporate clients. The bank is active in the Norwegian capital markets, including issuing and managing bonds used to fund its lending and other financial activities.

YTD Price Performance: 2.14%

Average Trading Volume: 127,667

Current Market Cap: NOK30.26B

Learn more about SRMGF stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1