Gjensidige Forsikring ASA: Contemplating Restricted Tier 1 bond issue and Subordinated Tier 2 bond issue
Gjensidige Forsikring ASA (“Gjensidige” or “the Company”), rated A by S&P, has mandated DNB Markets and Pareto Securities AS as Joint Lead Managers to arrange a series of virtual investor meetings on Monday 22 and Tuesday 23 March 2021. Issuance of a perpetual Restricted Tier 1 bond issue with a target of 5 years to first call date and a 30-year Subordinated Tier 2 bond issue with a target of 5.5 years to first call date may follow, subject to market conditions. The bond issues are expected to be denominated in NOK and/or SEK with a total issue size of up to the equivalent of NOK 1.2