STOREBRAND LIVSFORSIKRING AS - SUCCESSFUL PLACEMENT OF NEW TIER 2 BOND ISSUE
Storebrand Livsforsikring AS has today successfully issued a new SEK 900,000,000 Solvency II compliant Tier 2 bond issue with a coupon of 3M Stibor + 2.50 per cent. The bonds mature 27 March 2048 and provide for a first call by Storebrand Livsforsikring AS on 27 March 2025. 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.
Danske Bank and Nordea acted as Joint Lead Managers for the bond issue.
For further information: Nikola Heitmann, Head of Capital Management, telephone +47 416 97 236 Einar Leikanger, Head of Treasury, telephone +47 934 20 379
This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.