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Sparebanken Norge Prepares Potential NOK AT1 Bond Issuance to Strengthen Capital

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Sparebanken Norge Prepares Potential NOK AT1 Bond Issuance to Strengthen Capital

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An announcement from Sparebanken Vest ( (SPIZF) ) is now available.

Sparebanken Norge has mandated Danske Bank, DNB, Carnegie and Norne Securities as joint lead managers for a potential issuance of Additional Tier 1 (AT1) capital bonds denominated in Norwegian kroner. The planned AT1 bonds will carry a floating interest rate and include an issuer call option that can first be exercised at least five years after issuance, subject to any necessary approval from the Financial Supervisory Authority of Norway and prevailing market conditions, indicating the bank’s continued focus on optimizing its capital structure and regulatory capital buffers.

More about Sparebanken Vest

Sparebanken Norge is a Norwegian bank operating in the financial services industry, offering a range of banking and treasury services to customers in Norway. The bank is rated Aa3 with a stable outlook by Moody’s, reflecting its strong credit quality and solid position in the Norwegian banking market.

Average Trading Volume: 127,415

Current Market Cap: NOK33.13B

Find detailed analytics on SPIZF stock on TipRanks’ Stock Analysis page.

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