Storebrand ASA – successful issuance of Restricted Tier 1 Bond
Storebrand Livsforsikring AS ("the Company"), rated A- by S&P, refers to the announcement on 23 August 2021, and the Company has today successfully completed issuance of a Restricted Tier 1 bond issue in the amount of SEK 900 million, with a substantial oversubscription. The Restricted Tier 1 bond has a perpetual tenor with a first call for the Company after 5 years and will have a floating rate coupon of 3M STIBOR + 2.40% p.a. Settlement of the bonds is expected to be 1 September 2021, and the bonds will be applied for listing on Oslo Børs. The bond is expected to be rated BBB- by S&