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Sparebank 1 Nord-Norge (NONG.OL)

NONG.OL on Oslo Stock Exchange

55.50NOK
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Sparebank 1 Nord-Norge: successful issuance of Tier 1 and Tier 2 bond
Monday, 20 Mar 2017 11:16am EDT 

Sparebank 1 Nord-Norge : Successful issuance of Tier 1 and Tier 2 bond . Issued perpetual Tier 1 bond of 350 million Norwegian crowns ($41.3 million) with floating rate coupon equal to 3 months NIBOR + 3.30 percentage points . Tier 1 bond has call option after 5 years, April 4, 2022 .Also issued Tier 2 bond of 500 million crowns with floating rate coupon equal to 3 months NIBOR + 1.54 percentage points.  Full Article

Sparebank 1 Nord-Norge contemplates issuing Tier 1 and Tier 2 capital
Friday, 17 Mar 2017 04:05am EDT 

Sparebank 1 Nord-Norge : Contemplating issuing Tier 1 and Tier 2 capital .Considers issuing new Tier 1 perpetual bond of up to 350 million Norwegian crowns ($41.2 million) and a new Tier 2 bond of up to 500 million crowns.  Full Article

Sparebank 1 Nord-Norge Q4 profit after tax up at NOK 268 million
Wednesday, 15 Feb 2017 01:15am EST 

Sparebank 1 Nord-Norge : Q4 net interest income 434 million Norwegian crowns ($51.71 million) versus 390 million crowns year ago . Q4 loan losses 64 million crowns versus 92 million crowns year ago . Q4 profit after tax 268 million crowns versus 133 million crowns year ago .Proposes 2016 dividend of 3.45 crowns per equity certificate.  Full Article

Sparebank 1 Nord-Norge Q3 net income up at 357 million crowns
Friday, 28 Oct 2016 01:00am EDT 

Sparebank 1 Nord-Norge : Q3 net interest income 423 million Norwegian crowns ($51.22 million) versus 385 million crowns year ago .Q3 net income 357 million crowns versus 186 million crowns year ago.  Full Article

Sparebank 1 Nord-Norge signs market making agreement
Wednesday, 5 Oct 2016 01:00am EDT 

Sparebank 1 Nord-Norge ASA : Entered into market making trial agreement with Sparebank 1 Markets AS ending Dec. 31 .Agreement is to enhance liquidity in trading of equity certificates of company.  Full Article

Sparebank 1 Nord-Norge Q2 net interest income rises to NOK 401 mln
Thursday, 11 Aug 2016 01:15am EDT 

Sparebank 1 Nord-Norge : Q2 loan losses 64 million Norwegian crowns ($7.73 million) versus 36 million crowns year ago . Q2 net interest income 401 million crowns versus 368 million crowns year ago .Q2 net income 353 million crowns versus 261 million crowns year ago.  Full Article

SpareBank 1 Nord-Norge has completed sales of ownership in North West 1 Alliance Bank
Tuesday, 5 Jan 2016 05:10am EST 

SpareBank 1 Nord-Norge:Has completed sales of its ownership in North-West 1 Alliance Bank (NW1AB) to a Russian buyer group.SpareBank 1 Nord -Norge's total financing of NW1AB has been taken over by the same buyer group.SpareBank 1 Nord-Norge made a loss provision on its exposure in Russia of 300 million Norwegian crowns in FY 2014 accounts.Total exposure previous to the loss provisioning was 615 million crowns.Following the above, SpareBank 1 Nord-Norge's goal has been to wind up its commitments in Russia.  Full Article

SpareBank 1 Nord-Norge offers around 150 staff severance agreements
Thursday, 26 Nov 2015 07:15am EST 

SpareBank 1 Nord-Norge:Offers around 150 staff severance agreements.Around 150 severance agreements will be signed due to voluntary process compared with the previously indicated figure of 100.Non-recurring costs in region of 150 million Norwegian crowns will be incurred in connection with downsizing process.  Full Article

Moody's upgrades rating on Sparebank 1 Nord-Norge to A1 stable
Tuesday, 12 May 2015 05:34am EDT 

SpareBank 1 Nord-Norge:Moody's Investor Service upgrades their deposit at senior unsecured rating on Sparebank 1 Nord-Norge to A1 stable from A2 ratings under review.  Full Article

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BRIEF-Sparebank 1 Nord-Norge: successful issuance of Tier 1 and Tier 2 bond

* Issued perpetual Tier 1 bond of 350 million Norwegian crowns ($41.3 million) with floating rate coupon equal to 3 months NIBOR + 3.30 percentage points