Sparebanken More issues NOK 1bn in senior bonds

Sparebanken More, which holds an A1 issuer rating from Moody's, has successfully issued a total of NOK 1 billion in senior non-preferred bonds. The settlement date for this issuance is set for November 18, 2025.

The issuance was split into two tranches of NOK 500 million each. The first tranche comprises a new 5-year Floating Rate Note (FRN) with ISIN NO0013697334, carrying a coupon rate of 3-month NIBOR +0.82% per annum and maturing on November 18, 2030. The second tranche consists of a new 5-year Fixed Rate bond, ISIN NO00134697342, offering a coupon of 4.786% per annum, also maturing on November 18, 2030.

Danske Bank and DNB Carnegie served as the joint bookrunners for this transaction. The announcement was released from Aalesund on November 12, 2025.