Chicago, Feb. 6 – Instabank ASA sold NOK 16 million floating-rate subordinated notes due Feb. 4, 2030, according to a notice.
The notes bear interest at Nibor plus 750 basis points.
Sparebank 1 Markets AS is the manager for the new issue.
Oslo-based Instabank operates a digital bank offering savings and loan services.
| Issuer: | Instabank ASA
|
| Issue: | Floating-rate subordinated notes
|
| Amount: | NOK 16 million
|
| Maturity: | Feb. 4, 2030
|
| Manager: | Sparebank 1 Markets AS
|
| Coupon: | Nibor plus 750 bps
|
| Announcement date: | Feb. 6
|
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