Bank Norwegian AS : Issuance of Additional Tier 1 bond issue


Bank Norwegian AS : Issuance of Additional Tier 1 bond issue

Bank Norwegian AS refers to the announcement on 11. September 2018, and the bank has today issued an Additional Tier 1 ("AT1") bond in the amount of NOK 125 million. Settlement date for the bond issue is 2. October 2018.

The AT1 bond issue has a coupon of 3 months NIBOR + 5.40% p.a., and the issuer has a first call option after 5 years, subject to an approval from the Norwegian FSA.

In connection with this bond issue, the bank has bought back NOK 113 million in the bond issue BANKN04 PRO (Tier 2), and NOK 16.5 million in the bond issue BANKN05 PRO (AT1), both with settlement date 2. October 2018.

The new issue and the buy-backs are approved by the Norwegian FSA and the bank's General Meeting.

DNB Markets and Pareto Securities AS acted as joint lead managers.


Fornebu, 24. September 2018


Contact person in Bank Norwegian AS:

CFO Pål Svenkerud: +47 93403904

 

This information is disclosable under the Norwegian Securities Trading Act section 5-12.




This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bank Norwegian AS via Globenewswire