Tryg Forsikring A/S – Successful placement of new Tier 2 bond issue
2/14/2013 10:48 AM EST
Tryg A/S
Company Announcement
Tryg Forsikring A/S – Successful placement of new Tier 2 bond issue
Tryg has successfully completed issuance of a NOK 800m perpetual subordinated
bond issue (Tier 2) in the Norwegian bond market.
As previously announced in the annual report 2012, the purpose of the bond
issue is to refinance an existing EUR 65m subordinated loan and to strengthen
Tryg's capital base.
The bond issue is rated BBB by Standard & Poor’s and is subject to a floating
interest rate of NIBOR 3 months + 375 bp.
The bonds are expected to be listed at Oslo ABM.
Additional information
Investor Relations Director Lars Møller. Phone +45 22 66 66 05 and e-mail
Investor Relations Manager Peter Brondt. Phone +45 22 75 89 04 and e-mail
Tryg is the leading Nordic provider of “peace of mind” solutions with property
& casualty insurance operations in Denmark, Norway and Sweden. Tryg is listed
on Nasdaq OMX Copenhagen and 60% of the shares are held by TryghedsGruppen
smba.