Storebrand Livsforsikring AS: Successful issuance of new green bonds
Storebrand Livsforsikring AS, rated A by S&P, has today successfully issued a new 30.25NC5.25 SEK 1,000 million green subordinated T2 bond issue with a coupon of 3 month Stibor + 1.60% per annum. The maturity date for the bonds will be 17 December 2054 and the issuer has a first call option on 17 September 2029. The green bonds will qualify as Tier 2 capital under the European Solvency II regulatory capital regime for insurers and is expected to be rated BBB+ by S&P. The settlement date for the bond issue is 17 September 2024, and the company will apply for the bonds to be listed on