Pareto Bank ASA (Issuer rating BBB by Scope Ratings) has today issued new
Additional Tier 1 bond of NOK 300 million, with a floating rate. The coupon is
equal to 3 months Nibor + 5.00 percentage points, settlement is 13 March 2023.
The Additional Tier 1 bond has a perpetual structure with a first-time call
option for Pareto Bank 13th of June 2028, subject to an approval from the
Financial Supervisory Authority of Norway, if required.
The bonds will be applied for listing on Nordic ABM.
Danske Bank and SpareBank 1 Markets acted as Joint Lead Managers.
For further information, please contact:
CFO, Erling Mork, mob. +47 911 95 970
This information is subject to disclosure requirements pursuant to §5-12 of the
Norwegian Securities Trading Act.