Storebrand ASA - Contemplating senior unsecured bond issue
Storebrand ASA, rated BBB (stable) by S&P, has mandated Danske Bank and Nordea as arrangers for a new senior unsecured bond issue with an expected tenor of up to 5 years. Expected volume will be NOK 300 million to NOK 500 million. The transaction is subject to market conditions. The proceeds from the contemplated bond issue will be used for refinancing of debt and for general corporate purposes. The company may consider a conditional buyback of STB13PRO (ISIN NO0010691884) due 22 October 2020 in conjunction with the new bond issue. For further information, please contact: Kjetil