Spar Nord Bank exercises call option on subordinated bond issue

By Tali David

Minneapolis, Jan. 6 - Spar Nord Bank AS called all of its NOK 220 million of callable floating-rate subordinated bonds due 2015, according to a notice from trustee Norsk Tillitsmann ASA.

The bonds will be redeemed at par plus accrued interest on Feb. 20.

Spar Nord Bank is based in North Jutland, Denmark.

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