Contemplating tier 1 perpetual bond issue and redemption of tier 1 capital from the Norwegian State Finance Fund
(Thomson Reuters ONE) -
Reference is made to the Q4 2010 and Q1 2011 presentation and the announcement
of Sandnes Sparebank's ("the Bank") potential refinancing of the tier 1 capital
from the Norwegian State Finance Fund during the first half of 2011.
The Bank currently considers an issue of up to NOK 450 million in a callable
tier 1 perpetual bond with floating rate. The proceeds will be used to partially
or fully redeem the NOK 450 million tier 1 capital from the Norwegian State
Finance Fund.
The bond issue was authorised by the Representative meeting (Forstanderskapet)
in Sandnes Sparebank 31 March 2011. The approval and accompanying guidelines
related to the refinancing is given by letter from the Financial Supervisory
Authority of Norway (Finanstilsynet) as of 15 April 2011.
Fondsfinans ASA and Pareto Securities AS have been appointed as managers for the
bond issue.
Sandnes Sparebank's contact information:
Svein Ivar Førland, CEO, tel. +47 90 64 41 91
Terje Frafjord, CFO, tel. +47 51 67 67 29
Managers' contact information:
Fondsfinans ASA: Anders Høyem, fixed income, +47 23 11 30 64
Pareto Securities AS: Ole Schjørn, fixed income, +47 22 87 87 74
This information is subject to the disclosure requirements pursuant to § 5-12 of
the Norwegian Securities Trading Act (Verdipapirhandelloven)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sandnes Sparebank via Thomson Reuters ONE
[HUG#1513571]
Unternehmensinformation / Kurzprofil:
Datum: 09.05.2011 - 09:14 Uhr
Sprache: Deutsch
News-ID 54391
Anzahl Zeichen: 2027
contact information:
Town:
Sandnes
Kategorie:
Business News
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"Contemplating tier 1 perpetual bond issue and redemption of tier 1 capital from the Norwegian State Finance Fund"
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Sandnes Sparebank (Nachricht senden)
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