Insr: Cancellation of upcoming interest payment

With reference to the stock exchange notice sent August 28th https://newsweb.oslobors.no/message/512383, Insr Insurance Group ASA announces that for the Tier 1 bond with ISIN NO00108344880, interest payments on 07.09.2020 and 07.12.2020 are cancelled. Clause 3.6.1 in the loan agreement for this bond gives the company the option of cancelling interest payments.

For the Tier 2 loan, ISIN NO0010741549, the loan terms (3.5.1) allow deferring interest payments. Deferred interest will not improve the solvency position. As stretched liquidity is not expected, interest will be paid according to schedule.

This notification is also sent to the bonds’ trustee, Nordic Trustee.

For further information, please contact:
Anne B. Knudtzon,
SVP Business Controlling & Investor Relations
T: +47 926 10 606
E: anne.b.knudtzon@insr.io

Insr Insurance Group ASA was established in 2009 and is an independent insurance group listed on the Oslo Stock Exchange, with headquarters in Oslo. The Company’s main focus is on the market for property and casualty insurance for the retail and small enterprise segments in Norway. Insr distributes its products mainly through partners and insurance agents. Insr is regulated by the Norwegian FSA (Finanstilsynet) and has a license for all groups of non-life insurance, except for credit and guarantee insurance.