Storebrand Livsforsikring AS: Contemplating issuance of a Restricted Tier 1 bond issue
Storebrand Livsforsikring AS, rated A by S&P, has mandated DNB Markets and Nordea to arrange a digital fixed income investor meeting on 25 October 2023 at 13:00 CEST. The company contemplates to issue a new Restricted Tier 1 bond issue with a perpetual tenor in NOK and/or SEK. The issuance may be split in one or more tranches, and the issuer will have a first call option after minimum 5 years. Total expected issue size is minimum 500 million and maximum 1,000 million in NOK and/or SEK, subject to market conditions. The contemplated Restricted Tier 1 issue is expected to be rated BBB