Sparebanken Norge raises NOK 2.7 bn in new bond issuance

Sparebanken Norge announced today, October 15, 2025, the successful issuance of new Senior Preferred bonds totaling NOK 2.7 billion. The transaction was structured into three distinct tranches, with a common settlement date of October 23, 2025, signaling the bank's strategy to diversify its funding sources.

The issuance included two floating-rate notes (FRNs) and one fixed-rate note. A 3-year FRN raised NOK 1.250 billion, maturing on October 23, 2028. Another FRN, a 5-year instrument, secured NOK 700 million, maturing on October 23, 2030.

Completing the offering, a 5-year fixed-rate bond generated NOK 750 million at a fixed coupon rate of 4.55% per annum, also maturing on October 23, 2030. The issuance was facilitated by DNB Carnegie, Nordea, and SEB, who served as joint lead managers for the transaction.