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Danske Bank acted as Joint Bookrunner for Sparebank 1 SMN's NOK 3,250m dual tranche green bond issue

Danske Bank would like to congratulate SpareBank 1 SMN on its inaugural green bond in the Norwegian bond market!

The NOK 3,250 million 6Y senior preferred dual-tranche transaction garnered a very strong interest from Nordic investors and was well oversubscribed.

The proceeds from the bond issues will be used to finance projects as defined under the bank’s Green Bond Framework, including green buildings, eco-efficient and circular economy adapted products, production technologies and processes, clean transportation, environmentally sustainable management of living natural resources and land use and renewable energy.

Danske Bank is very proud to have acted as Joint Lead Manager and Bookrunner for yet another green bond transaction for SpareBank 1 SMN, having also arranged a EUR 100m senior preferred green bond private placement earlier in Q3.
Fact box

Transaction Terms

Issuer: SpareBank 1 SMN

Issuer rating: A1 (Moody's)

Status: Senior Unsecured

Launch Date:  9 November 2020
Maturity Date: 17 November 2026

Listing: Nordic ABM

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