Storebrand Livsforsikring AS: Successful issuance of new green bonds
Storebrand Livsforsikring AS, rated A- by S&P, has today successfully issued a new 30NC5 NOK 650 million green subordinated T2 bond issue with a coupon of 3 month Nibor + 2.60% per annum. The maturity date for the bonds will be 27 May 2052 and the issuer has a first call option on 27 May 2027. 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 27 May 2022, and the company will apply for the bonds to be listed on Oslo Børs. The new issue is