Successful placement of NOK 75 million Restricted Tier 1 capital
Reference is made to the stock exchange notice released on October 3rd, 2018 regarding a contemplated Restricted Tier 1 bond issue. Insr Insurance Group ASA (“Insr”) announces today the successful completion of the book-building for the NOK 75 million bond, at a coupon of 3M NIBOR + 3.75%. The bond is perpetual with optional redemption after 5 years. The bond issue is subject to approval by a General Meeting in the company and the Norwegian Financial Supervisory Authority. An Extraordinary General Meeting will be held on October 26th. The proceeds from the bond will allow Insr to