Storebrand Livsforsikring AS – Contemplating Restricted Tier 1 Bond Issue
Storebrand Livsforsikring AS (“the Company”), rated A- by S&P, has mandated DNB Markets and Nordea as Joint Lead Managers to arrange a series of virtual investor meetings in the Nordics on Tuesday 24 August 2021. Issuance of a benchmark perpetual Restricted Tier 1 bond issue with a target of 5 years to first call date may follow, subject to market conditions. The bond issue is expected to be denominated in NOK and/or SEK. The bond is expected to be rated BBB- by S&P. The contemplated bond issue will be Solvency II compliant and the proceeds from the bond issue will be used for