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