Olympic Ship AS

Olympic Ship AS has successfully completed a new senior unsecured bond issue of NOK 500 million, with a borrowing limit of NOK 750 million, and maturity date in June 2019. The bond issue has a coupon of 3 months NIBOR plus 5.0% per cent. Settlement date is expected to be 18 June 2014.

Nordic Financial 4Q 2015 Preview

Strong Swedish macro supportive
Upbeat Swedish macro but World Economic Forum see increased risks aheadWe expect NII to be more or less flat from Q3, as effects from lower interest rates balance lending growth and margin improvements. Furthermore we expect both the NII pressure and the regulatory headwind to continue in 2016. We previously lowered our dividend payout ratios in all of the Swedish banks by 5% to avg. 62.5%, but even after the adjustment the Swedish banks yields 5.8% (15e) which we find very attractive. More importantly we find a 5% leverage ratio obtainable for all the Swedes.


Strengthened focus through direct ownership

SpareBank 1 Markets will be directly owned by some of the largest banks in the SpareBank 1 Alliance, as the majority holder SpareBank 1 Group, sells its entire holding of 98% to a syndicate consisting of SpareBank 1 SMN, SpareBank 1 Nord-Norge, Sparebanken Hedmark, Samspar and LO, with effect from October 2013.

Olympic Ship AS - Roadshow and mandate announcement

Olympic Ship AS has mandated Danske Bank Markets and
SpareBank 1 Markets to arrange a series of fixed
income investor meetings commencing on May 26, 2014.
A NOK denominated debt capital markets transaction
may follow, subject to market conditions.


Merger completed in SpareBank 1 Markets

As of April 1st 2015 SpareBank 1 SMN Markets in Trondheim was fully integrated in SpareBank 1 Markets as a result of a merger.
SpareBank 1 SMN integrated its markets operation into SpareBank 1 Markets. The settlement was in SpareBank 1 Markets shares. Consequently, SpareBank 1 SMN is the principal shareholder in the combined company.