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Published on 9/12/2022 in the Prospect News Green Finance Daily.

New Issue: SpareBank 1 SR-Bank prices €500 million green senior preferred notes

Chicago, Sept. 12 – SpareBank 1 SR-Bank ASA priced a €500 million offering of green senior preferred notes with a three-year tenor, according to a notice and some additional information, but not full details, from a market source.

Final terms were 70 basis points over mid-swaps.

Bookrunners were J.P. Morgan SE, ING (billing and delivery), Landesbank Baden-Wurttemberg, Societe Generale and Swedbank.

The notes will be listed on the Luxembourg Stock Exchange.

The lender is based in Stavanger, Norway.

Issuer:SpareBank 1 SR-Bank ASA
Amount:€500 million
Issue:Green senior preferred notes
Tenor:Three years
Bookrunners:J.P. Morgan SE, ING (billing and delivery), Landesbank Baden-Wurttemberg, Societe Generale and Swedbank
Price:99.717
Yield:2.975%
Spread:Mid-swaps plus 70 bps
Trade date:Sept. 12
ISIN:XS2534276808

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