Sparebanken Ost (GB:0G45) has released an update.
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Sparebanken Øst has announced it will exercise the call option on its subordinated debt loan issued in 2019, with the redemption approved by Norway’s Financial Supervisory Authority. The bank will redeem the loan at par value plus accrued interest, coinciding with the issuance of a new subordinated debt loan of NOK 150 million.
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