By William Gullotti
Buffalo, N.Y., June 8 – SpareBank 1 Ostlandet completed its inaugural NOK 1 billion issue of five-year green senior non-preferred bonds in two equal parts at par, according to a notice on Thursday.
The fixed-rate tranche has a 5.407% interest rate.
Interest for the floating-rate tranche is Nibor plus 165 basis points.
DNB Markets and SpareBank 1 Markets are the bookrunners.
SpareBank is a specialized credit institution based in Stavanger, Norway.
| Issuer: | SpareBank 1 Ostlandet
|
| Amount: | NOK 1 billion
|
| Issue: | Green senior non-preferred bonds
|
| Tenor: | Five years
|
| Bookrunners: | DNB Markets and SpareBank 1 Markets
|
| Trade date: | June 8
|
| Settlement date: | June 15
|
|
|
| Fixed-rate bonds
|
| Amount: | NOK 500 million
|
| Coupon: | 5.407%
|
| Price: | Par
|
| Yield: | 5.407%
|
|
|
| Floating-rate bonds
|
| Amount: | NOK 500 million
|
| Coupon: | Nibor plus 165 bps
|
| Price: | Par
|
| Yield: | Nibor plus 165 bps
|
|
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