Storebrand Livsforsikring AS: Contemplating issuance of a new green Tier 2 bond issue
Storebrand Livsforsikring AS, rated A by S&P, has mandated DNB Bank and Nordea to arrange a digital fixed income investor meeting on 7 November 2022 at 15:00 CET. The company contemplates to issue a new green Tier 2 bond issue in NOK and/or SEK with fixed and/or floating interest rate. The issuance may be split in one or more tranches, and each tranche will have a 30 year tenor, and the issuer will have a first call option after minimum 5 years. Expected issue size minimum 500 million in NOK or SEK, subject to market conditions. The green Tier 2 issue is expected to be rated BBB+ by S&