Gjensidige Forsikring ASA: Contemplating Subordinated Tier 2 bond issue
Gjensidige Forsikring ASA (“Gjensidige” or “the Company”, OSE:GJF, LEI 5967007LIEEXZX6FAO47), rated A by S&P, has mandated DNB Markets and Pareto Securities AS as Joint Lead Managers to arrange a digital fixed income investor meeting on Monday 18 September 2023. The company contemplates to issue a new Tier 2 bond issue in NOK with floating interest rate. The issuance will have a minimum 30-year tenor, and the issuer will have a first call option after minimum 5 years. Expected issue size up to NOK 1,200 million, subject to market conditions. The Tier 2 bond issue will be Solvency II