STOREBRAND LIVSFORSIKRING AS – SUCCESSFUL PLACEMENT OF NEW TIER 2 BOND ISSUE
Storebrand Livsforsikring AS has today successfully issued a new SEK 1,000,000,000 Solvency II compliant Tier 2 bond issue with a coupon of 3M Stibor + 2.00 per cent. The bonds mature 21 November 2047 and provide for a first call by Storebrand Livsforsikring AS on 21 November 2022. The bonds will qualify as Tier II capital under the European Solvency II regulatory capital regime for insurers. The transaction was substantially oversubscribed.
The bonds will be applied for listing on Oslo Børs.
Danske Bank and Nordea acted as Joint Lead Managers for the bond issue.
For further information:
Einar Leikanger, Head of Treasury, telephone +47 934 20 379
Camilla Leikvoll, SVP Group Strategy and Finance, telephone +47 979 89 128