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SpareBank contemplates buyback of tier 2 bonds via new issuance
By Wendy Van Sickle
Columbus, Ohio, June 12 – SpareBank 1 SMN is eyeing a buyback, in whole or in parts, of its tier 2 bonds (ISIN: NO0010830755), according to a notice.
The buyback would be funded with proceeds of a new issuance of at least NOK 300 million tier 2 bonds.
The issuer is owned by savings banks under the Oslo-based Sparebank 1 brand.
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