Published: 15:50 CET 15-02-2017 /GlobeNewswire /Source: Skandiabanken ASA / : SKBN /ISIN: NO0010739402
Reference is made to the announcement on 14 February 2017 regarding a potential issuance of a dated (10 year) Subordinated Tier 2 and a perpetual Additional Tier 1 bond issue, both issues with a floating coupon rate and with a call option for the issuer after 5 years.
Skandiabanken ASA has today issued a NOK 150 million Subordinated Tier 2 bond with a coupon equal to 3 months NIBOR + 1.65 percentage points. In addition the bank has issued a NOK 100 million Additional Tier 1 bond with a coupon equal to 3 months NIBOR + 3.60 percentage points. Settlement date for both issues will be on 2 March 2017.Both bond issues will be applied for listing at Nordic ABM.
The purposes of the issues are to strengthen the bank's capital ratios. The Norwegian FSA has approved the issuances.
DNB Markets and Swedbank Norge were joint lead arrangers of the transactions.
Contact person, Skandiabanken ASA:
Head of Treasury - telephone: +47 916 88 704
This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Skandiabanken ASA, P.O. Box 7077, Bergen 5020, Norway
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