STOREBRAND ASA: Successful issuance of new green bonds
Storebrand Livsforsikring AS, rated A- by S&P, has today successfully issued a new 30.5NC10.5 EUR 300 million green subordinated bond issue with a fixed coupon of 1,875% p.a. The maturity date for the bonds is 30 September 2051 and the issuer has a first call option on 31 March 2031. 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 31 March 2021, and the company will apply for the bonds to be listed on Euronext Dublin. The new issue is