Storebrand Livsforsikring AS: Storebrand Livsforsikring AS contemplating new bond issue
Storebrand Livsforsikring AS is contemplating issuance of perpetual subordinated bonds with a floating interest rate and call option after 5 years. The purpose of the issuance is to refinance existing subordinated debt.
Danske Bank Markets, DNB Markets and Nordea Markets have been appointed as Joint Lead Managers for the bond issue. In conjunction with the contemplated bond issue, the Joint Lead Managers may offer buybacks of STORL01 (ISIN: NO0010521628). These bonds have a first call option on 30 June 2015.
For further information, please contact any of the Joint Lead Managers:
Danske Bank Markets: Per Olav Glendrange, telephone +47 23 13 91 94
DNB Markets: Jan Krogh-Vennemo, telephone + 47 24 16 90 15
Markets: Stein Morten Sæther, telephone +47 22 48 78 76
Lysaker, 4 March 2015
For further information:
Sigbjørn Birkeland, Finance Director Storebrand, telephone +47 934 80 893
Lars Kramer, VP Capital Management Storebrand, telephone +47 900 68 287