Storebrand Livsforsikring AS: Contemplating green Tier 2 bond issuance
Storebrand Livsforsikring AS, rated A by S&P, has mandated Danske Bank and Nordea to arrange a digital fixed income investor meeting on 9th September 2024 at 13:00 CEST. The company contemplates to issue new green Tier 2 bonds in NOK and/or SEK with fixed and/or floating interest rate. The issuance may be split in one or more tranches, and each tranche will have a 30.25 year tenor, and the issuer will have a first call option after 5.25 years. Expected issue size is 500-1,000 million in total, subject to market conditions. The green Tier 2 bond issuance is expected to be rated BBB+ by S&P