Storebrand Bank ASA: Mandated arrangers for potential new AT1 and subordinated tier 2 bond issues
Storebrand Bank ASA has mandated Danske Bank and Swedbank Norge for potential issuance of a new additional tier 1 bond issue of up to NOK 125 million and a new subordinated tier 2 bond issue of up to NOK 125 million. The additional tier 1 bond issue will be perpetual with first call 5 years after the issue date. The subordinated tier 2 bond issue will have a tenor of 10 years with first call 5 years after the issue date or 11 years with first call 6 years after the issue date. Both bonds will have floating rate. Storebrand Bank ASA currently has an outstanding additional tier 1 bond