SpareBank 1 Hallingdal Valdres considers new NOK 45m bond

SpareBank 1 Hallingdal Valdres, holding an A- issuer rating with stable outlook from Nordic Credit Rating, has appointed SB1 Markets to arrange a potential new subordinated bond issuance. The proposed bond will be for NOK 45 million, feature a floating interest rate, and its release is contingent on prevailing market conditions.

The bond is structured with a first call option for the issuer a minimum of five years after the issuance date. This early redemption option is subject to approval from the Financial Supervisory Authority, if required. The general assembly of SpareBank 1 Hallingdal Valdres has already approved the potential issuance.

Erling Hagen, director of finance and economics, can be contacted for further information.