Orland Sparebank issues new senior unsecured bond with floating rate

Orland Sparebank has successfully issued a new senior unsecured bond on the Oslo Stock Exchange. The new bond carries a floating interest rate and matures in five years. The initial borrowing amount for this issuance is NOK 50,000,000, with an overarching framework allowing for a total loan amount of NOK 200,000,000.

The coupon for the bond is set at 3-month NIBOR + 0.78%. Settlement for this new bond is scheduled for December 3, 2025. Norne Securities acted as the arranger for this bond issuance.

Orland Sparebank intends to apply for the loan to be listed on Nordic ABM. Marita Solbakk Frengen, chief financial officer at Orland Sparebank, is the contact person for further inquiries regarding this bond.