Note 38 - Subordinated debt and hybrid capital issue

Parent bank			Group
31 Dec 2017	31 Dec 2018	(NOK million)	31 Dec 2018	31 Dec 2017
		Dated subordinated debt
659	-	2036 fixed rate 2,94 %, JPY (Call 2018) *⁾	-	659
-	-	2026 SpareBank 1 Finans Midt-Norge 16/26	43	43
150	150	2027 floating rate NOK (Call 2022)	150	150
600	600	2027 floating rate NOK (Call 2022)	600	600
250	250	2029 floating rate NOK (Call 2024)	250	250
-	250	2028 floating rate NOK (Call 2023)	250	-
-	500	2028 floating rate NOK (Call 2023)	500	-
11	-	Premium/discount/market value	-	11
4	-	Currency agio debt	-	4
1	3	Accrued interest	4	1
1,676	1,753	Total dated subordniated debt	1,796	1,718

		Hybrid equity
350	350	Hybrid capital10/99, fixed rate 8,25 % NOK (Call 2020) *⁾	350	350
100	100	Hybrid captial 10/99, floating rate NOK (Call 2020)	100	100
25	13	Discount perpetual hybrid equity	13	25
8	8	Accrued interest	8	8
483	471	Total hybrid equity	471	483

2,159	2,224	Total subordinated loan capital and hybrid equity	2,268	2,201

4.5 %	3.5 %	Average rate NOK	3.5 %	4.5 %
4.2 %	4.2 %	Average rate JPY	4.2 %	4.2 %

*) Fixed rate funding changed to floating rate by means of interest rate swaps

Group
Changes in subordinated debt and hybrid equity issue	31 Dec 2018	Issued	Fallen due/ redeemed	Other changes	31 Dec 2017
Ordinary subordinated debt, NOK	1,793	750	-	-	1,043
Ordinary subordinated debt, Currency	-	-	699	40	659
Hybrid capital loan, NOK	450	-	-	-	450
Adjustments	13	-	-	-27	40
Accrued interest	12	-	-	3	10
Total subordinated debt and hybrid equity issue	2,268	750	699	15	2,201

Changes in subordinated debt and hybrid equity issue	31 Dec 2017	Issued	Fallen due/ redeemed	Other changes	31 Dec 2016
Ordinary subordinated debt, NOK	1,043	1,000	1,000	-	1,043
Ordinary subordinated debt, Currency	659	-	-	-3	662
Hybrid capital loan, NOK	450	-	-	-	450
Adjustments	40	-	-	-24	64
Accrued interest	10	-	-	-1	10
Total subordinated debt and hybrid equity issue	2,201	1,000	1,000	-27	2,228