MING SpareBank 1 SMN

MING82 PRO - Key information relating to full redemption of bond loan

MING82 PRO - Key information relating to full redemption of bond loan

SpareBank 1 SMN will exercise its right to call MING82 PRO.

The call has been approved by the Financial Supervisory Authority of Norway.

Issuer: SpareBank 1 SMN

ISIN for bond loan: NO0010806904

Original maturity date: 29 September 2027

New maturity date: 29 September 2022

Redemption price: 100

Other information: n/a

This information is published in accordance with the requirements of the Continuing Obligations.

Contact person: Per Egil Aamo, 73586466





This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act



EN
05/09/2022

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MINGSpareBank 1 SMN

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Reports on SpareBank 1 SMN

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Sparebank 1 SMN (Buy, TP: NOK202.00) - Solid core revenue growth

Q1 PTP was NOK1,269m, 6% lower YOY, as stronger ‘real NII’ and fees were offset by soft trading and higher opex. On a QOQ basis, two fewer interest days, and somewhat softer growth, led to a ‘real NII’ decline. With a CET1 ratio of 18.1%, we see continued capital headroom, supportive of solid distributions. We have trimmed our 2026–2027e EPS by ~1% on the NII trend, but reiterate our BUY and NOK202 target price.

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