Sandnes Sparebank (rated A- / Stable by Scope) has today placed a new dated Tier 2 bond issue with a volume ofNOK 220 million . The Tier 2 bond issue will have a floating rate coupon equal to 3-month NIBOR + 2.20% p.a., and a first call option for the issuer 5 years after the settlement date, subject to an approval from theFinancial Supervisory Authority of Norway , if required. Settlement date is30 August 2022 , and final maturity is on1 December 2032 . In conjunction with the new issue, the issuer will buy-backNOK 53 million of the outstanding Tier 2 bond issue with ISIN: NO0010816101 (SADG75 PRO) on the same settlement date, subject to that the new issue is fully paid in. The new issuance is approved by the general meeting ofSandnes Sparebank . Approval from theFinancial Supervisory Authority of Norway for both transactions has also been given.DNB Markets and SpareBank 1 Markets acted as joint lead managers. Sandnes,23 August 2022 Contact personSandnes Sparebank : Johan Erik Flaatin, Head of Treasury Sandnes Sparebank, tel: +47 922 89 351 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
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