Storebrand Livsforsikring AS: Contemplating new green bond issue
Storebrand Livsforsikring AS, rated A- by S&P, has mandated Danske Bank and Nordea to arrange a virtual fixed income investor meeting on Wednesday 18 May 2022 at 14:30. A new green subordinated Tier 2 transaction with 30 years tenor, 5 years to first call and minimum size NOK 500 million will follow, subject to market conditions. The green bond issue is expected to be rated BBB by S&P and will be Solvency II compliant. In conjunction with the new green bond issuance Storebrand Livsforsikring AS may consider to buy back outstanding bonds with ISIN NO0010810237. The contemplated new