SpareBank 1 Nord-Norge has today issued new Additional Tier 1 bond of NOK 350 million, with a floating rate. The coupon is equal to 3 months Nibor + 2.60 percentage points, settlement is 3 February 2022.

The Additional Tier 1 issue has a perpetual structure with a first-time call option for SpareBank 1 Nord-Norge 3rd of February 2027, subject to an approval from the Financial Supervisory Authority of Norway, if required.

The new issue has been approved by the Bank's general meeting. The bonds will be applied for listing on Nordic ABM.

SpareBank 1 Markets and Swedbank acted as Joint Lead Managers.

SpareBank 1 Nord-Norge contact person:

Ronny Løvberg Sørensen, Head of Treasury, +47 971 05 220

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