SpareBank 1 SMN announced 17th February 2010 that the bank was in the process of launching a Tier 1 Perpetual Bond issue in the Norwegian market. The issue is now fully subscribed.
A total of NOK 450 million has been issued in two tranches; NOK 350 million with a fixed rate coupon and NOK 100 million as an FRN. The respective identifications are
ISIN NO0010565179 and ISIN NO0010565187.
The issue has been approved by Finanstilsynet (the Norwegian Financial Supervisory Authority) dated 12th February 2010.
Contact person at SpareBank 1 SMN:
Kjell Fordal, Chief Financial Officer, tel + 47 90 54 16 72
This information is subject of the disclosure requirements according to § 5-12 in the Norwegian Securities Trading Act.
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Disclaimer
These written materials are not for distribution in the United States, Australia, Canada, Hong Kong or Japan. The information contained herein does not constitute an offer of securities for sale in the United States, Australia, Canada, Hong Kong or Japan.
The securities may not be offered or sold in the United States unless they are registered under applicable law or exempt from registration. The Savings Bank does not intend to register any portion of the offer in the United States or to conduct a public offer of securities in the United States. No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted.