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SpareBank 1 SR-Bank buys back NOK 293 million tier 1 bonds
By William Gullotti
Buffalo, N.Y., Dec. 21 – SpareBank 1 SR-Bank ASA repurchased NOK 293 million of its additional tier 1 bonds (ISIN: NO0010846025) at 100.523, according to a Thursday notice.
The transaction leaves NOK 157 million outstanding.
The buyback was done in conjunction with the bank’s Dec. 19 issue of a new additional tier 1 bond totaling NOK 500 million.
Settlement is expected Friday.
The lender is based in Stavanger, Norway.
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