Storebrand Bank ASA: Additional tier 1 bond  – mandated arranger for issue/buyback

Storebrand Bank has mandated Swedbank Norge for a potential issuance of a new additional tier 1 bond of NOK 100 million.

The bond will be perpetual with first call 5 years after the issue date.

The bank currently has an outstanding tier 1 bond (NO0010683550) of NOK 150 million with call option 20 June 2018.

The bank is considering buying back bonds in this loan as part of the process and/or following the potential issue.

The issue is approved by the general meeting in the bank and approval was given by the Norwegian FSA 31 January 2018.

Contact information:

Einar Andreas Leikanger, Head of Treasury, Storebrand Bank ASA, tel.: +47 93420379