Debt and Rating

Investor Relations
Debt and Rating

Debt and Rating

Spar Nord’s capital targets are 13.5 % for CET1 ratio and 17.5 % for total capital ratio.

Rating

Outlook	Stable
Counterparty Risk Rating	A1/P-1
Bank Deposits	A1/P-1
Baseline Credit Assessment	baa1
Adjusted Baseline Credit Assessment	baa1
Counterparty Risk Assessment	A1(cr)/P-1(cr)
Senior Unsecured MTN	(P)A1
Junior Senior Unsecured	A3
Junior Senior Unsecured MTN	(P)A3
Subordinate MTN	(P)Baa1

Moody's Credit Opinions

Credit Opinion January 2023

Credit Opinion October 2021

Credit Opinion July 2021

Credit Opinion December 2020

Credit Opinion May 2020

Credit Opinion December 2019

EMTN-programme

Prospectus Spar Nord 2.000.000.000 EUR EMTN-Program

Supplementary Prospectus Q2 2023

Debt issues

DK0030528187 250 M EUR SP due 2027 with call 2026 (Senior-Preferred)

DK0030514559 750 M DKK SP due 2025 with call 2024 (Senior-Preferred)

DK0030454129 1.35B DKK FRN NPS Due 2025 with call 2024 (Senior Non-Preferred)

DK0030454202 400M DKK FXD NPS Due 2025 with call 2024 (Senior Non-Preferred)

DK0030489349 800M SEK FRN NPS Due 2026 with call 2025 (Senior Non-Preferred)

NO0011002602 950M NOK FXD NPS Due 2026 with call 2025 (Senior Non-Preferred)

DK0030511886 350M SEK FIX NPS Due 2027 with call 2026 (Senior Non-Preferred)

NO0012694316 200M NOK FRN NPS du 2027 bullet (Senior Non-Preferred)

NO0012694308 600M NOK FIX NPS du 2027 bullet (Senior Non-Preferred)

NO0011002537 750M NOK FRN NPS Due 2028 with call 2027 (Senior Non-Preferred)

DK0030515606 650 M SEK SNP due 2028 with call 2027 (Senior Non-Preferred)

DK0030515606 Tranche 2 450 M SEK SNP due 2028 with call 2027 (Senior Non-Preferred)

NO0012775487 724 M NOK SNP due 2028 with call 2027 (Senior Non-Preferred)

NO0011037434 500M FXD NPS Due 2032 with call 2031 Tranche 1

NO0011037434 500M FXD NPS Due 2032 with call 2031 Tranche 2

DK0030495742 200M FRN Tier2 Due 2033 with call 2028

DK0030510219 500M FXD Tier 2 Due 2032 with call 2027

DK0030484464 600M FXD AT 1 Perpetual with call 2026

Head of Investor Relations

Rune Brandt Børglum

It is my most important task to ensure that Spar Nord at all times makes accurate, relevant and timely information available to the bank's stakeholders. Call or write me if you have any questions or comments.