The following page sets out important legal and regulatory information about all materials contained on the SpareBank 1 Boligkreditt AS website (www.spabol.no). This page is designed to prevent unsuitable categories of investors from accessing materials contained on this website. Please read this page carefully before proceeding any further as you will be asked to accept these terms and conditions before proceeding.
BY ACCESSING OR USING ANY PAGE OF THIS WEBSITE, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS BELOW. IF YOU DO NOT AGREE TO SUCH TERMS AND CONDITIONS, YOU SHOULD EXIT THIS WEBSITE IMMEDIATELY.
The information contained on this website does not constitute, and may not be used as, an offer or solicitation to buy or sell securities in the United States or to US Persons or in any jurisdiction or jurisdictions in which such offer or solicitation is unlawful prior to registration or qualification under the securities laws of any such jurisdiction. As a result of these restrictions, you are advised to consult legal counsel prior to making any investment decisions with respect to any materials contained on this website.
The materials published on this website are intended for authorised use only and may not be published, copied or distributed to any other person. The information contained in the materials displayed on this website is highly confidential and may not be disclosed or distributed to anyone without SpareBank’s prior written consent. SpareBank has the right to suspend or withdraw your access to all or any part of this website without prior notice at any time.
You are certifying that (a) by clicking the button "I Agree - 144A" below you are a "Qualified Institutional Buyer" as this term is defined in Rule 144A under the U.S Securities Act of 1933 (the "Securities Act") or (b) by clicking the button "I Agree NON-US" below you are not a U.S person (as defined in Regulation S of the Securities Act) nor are you a resident of or located inside the United States. If you cannot so certify, you must click the button "I Disagree" and exit this website immediately.
Clicking on button “I Agree – 144A” or “I Agree NON-U.S.” shall have the same force and validity as a manual signature and delivery.
Sustainability has become increasingly important in SpareBank 1. The entities within the SpareBank 1 Alliance (14 banks, covered bond issuers and other financial services companies) operate exclusively in Norway. This means that the SpareBank 1 operating context is in a country which have strict rules and regulations and is quite advanced in many areas of ESG. Norway is a leader in working for environmental improvements internationally and is a Paris climate accord and Kyoto Protocol signatory. At home, the country has the world’s highest density of electric vehicles per resident and a demanding and robust building code, for both residential and commercial buildings.
The SpareBank 1 banks have over the past few years realised that they have an opportunity to improve their awareness and efforts as well as to increase transparency and disclosure about their sustainability. The SpareBank 1 banks initiatives in this regard are several (please see the Green Bond investor presentation for an overview), but all major banks have become members of the UN Global Compact during 2017.
The SpareBank 1 banks have made important steps in improving disclosure of ESG initiatives and status in their organizations, have become certified Eco-lighthouses in Norway and produce climate accounts. GRI reporting is under consideration.
When issuing Green Bonds SpareBank 1 Boligkreditt (Spabol) takes a lead internally in the SpareBank 1 Alliance to also focus lending to household in an environmental sustainable direction. Spabol is the common covered bond issuing entity, a funding unit, of the Alliance banks and is closely aligned with its parents banks in all aspects, also on sustainability strategy. By issuing Green Bonds, SpareBank 1 intends to contribute to meeting the measurably growing demand of investors for investments in environmentally sustainable projects. The issue of Green Bonds is part of SpareBank 1’s attempt, in its role as a financial intermediary, to meet society’s objective of reducing global warming
The Green Bonds are obligations of Spabol and are issued in a covered bond format only. The issuer will comply with ICMA’s Green Bond Principles and attempt to seek certification by the Climate Bond Initiative (CBI). The cover pool reports will henceforth report especially on the amount of eligible green mortgage assets to green covered bonds outstanding
SpareBank 1 Boligkreditt is a labelled covered bond issuer. Details of the label and information on SpareBank 1 outstanding covered bonds are available on the European Covered Bond Council (ECBC) covered bond label webpage:
www.coveredbondlabel.com