Storebrand ASA: Storebrand Livsforsikring AS issues subordinated bonds
Storebrand Livsforsikring AS has today successfully issued SEK 750 million Solvency II Compliant Dated Callable Subordinated Bonds, with a coupon of 3M Stibor + 3.25 per cent. The bonds mature 11 October 2046 and provide for an optional call by Storebrand Livsforsikring AS on 11 October 2021. The bonds will qualify as Tier II capital under the European Solvency II regulatory capital regime for insurers.
The bonds will be applied for listing on Oslo Børs.
Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) acted as Joint Lead Managers for the bond issue.
Lysaker, 3 October 2016
For further information:
Sigbjørn Birkeland, Finance Director Storebrand, telephone +47 934 80 893
Lars Kramer, VP Capital Management Storebrand, telephone +47 900 68 287