Insr: Contemplating issuing Tier 1 capital
Insr Insurance Group ASA is considering issuing a NOK 75 million Perpetual Restricted Tier 1 bond with first call option after five years. The full amount is pre-committed at an interest rate of 3-month NIBOR +3.75%. The proceeds from the bond will allow Insr to take advantage of identified growth opportunities and to reduce its reinsurance quota cession through strengthening the Company’s solvency position. The bond will contribute to an efficient capital structure for Insr in combination with Insr’s existing Tier 2 bond. Taking advantage of the full range of capital instruments