Storebrand ASA: Successful issuance of Restricted Tier 1 capital from Storebrand Livsforsikring AS
Storebrand Livsforsikring AS, rated A by S&P, refers to the announcement on 25 October 2023 and the company has today issued perpetual Restricted Tier capital which was substantially oversubscribed, and is split in the following three tranches: • NOK 300 million with a floating rate coupon equal to 3 months NIBOR + 3.45% p.a. • NOK 300 million with a fixed rate coupon of 7.63% p.a. • SEK 400 million with a floating rate coupon equal to 3 months STIBOR + 3.45% p.a. The bonds will be Solvency II compliant, and all