Drangedal Sparebank expands bond, repurchases another in financing shift

Drangedal Sparebank has increased its outstanding senior unsecured bond, DTSB22 PRO, by NOK 100 million. This expansion brings the new total holding for DTSB22 PRO to NOK 250 million.

Concurrently, the bank executed a full repurchase of another senior unsecured bond, DTSB17 PRO. Drangedal Sparebank repurchased NOK 120 million of this bond, reducing its outstanding balance to NOK 0 million.

The settlement date for both the bond expansion and repurchase is set for December 4, 2025. SB1 Markets acted as the arranger for these transactions. Bjorn Edgar Kollane, assistant bank manager, is listed as the contact person.