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Prospect News home > News index > List of issuers S > Headlines for SpareBank 1 SMN > News item
Published on 5/30/2017 in the Prospect News Liability Management Daily.

SpareBank 1 SMN may offer to buy back MING64 PRO bond issue

New York, May 30 – SpareBank 1 SMN said it may offer to buy back the bonds from its MING64 PRO issue.

If the bank does go ahead with the repurchase, it will pay 101.06 and purchase an amount equal to the size of a planned new issue of subordinated bonds, according to a news release.

The settlement date would be June 15.

SpareBank 1 SMN said it is considering selling a tier 2 bond sized at up to NOK 700 million.

DNB Markets and SpareBank 1 Markets are joint lead managers.

SpareBank 1 SMN is a Trondelag, Norway-based savings bank that is part of the SpareBank 1 group.


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