Gjensidige Forsikring ASA: Successful issuance of Subordinated Tier 2 capital
With reference to the announcement dated 18 September 2023, Gjensidige Forsikring ASA ("Gjensidige") has today successfully completed issuance of a NOK 1,200 million Subordinated Tier 2 bond issue, which was significantly oversubscribed. The Subordinated Tier 2 bond will have a floating rate coupon equal to 3 months NIBOR + 2.25% p.a., and have a tenor of 30.25 years with a first call option for Gjensidige after 5 years. The Tier 2 issue is Solvency II compliant and the issuance has been authorized by Gjensidige's General Meeting and approved by the Norwegian Financial Supervisory