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Insr: Tier 1 Bond approved and settled

On October 19th, Insr announced the successful placement of NOK 75 million Restricted Tier 1 Capital, pending approval from a General Meeting and the Norwegian FSA. The capital increase has been approved and settled today, December 5th. For additional information, please contact: Anne B. KnudtzonSVP Business Controlling & Investor RelationsPhone: +47 926 10 606E-mail: Anne B. Knudtzon (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. Insr has a

Successful placement of NOK 75 million Restricted Tier 1 capital

Reference is made to the stock exchange notice released on October 3rd, 2018 regarding a contemplated Restricted Tier 1 bond issue. Insr Insurance Group ASA (“Insr”) announces today the successful completion of the book-building for the NOK 75 million bond, at a coupon of 3M NIBOR + 3.75%. The bond is perpetual with optional redemption after 5 years. The bond issue is subject to approval by a General Meeting in the company and the Norwegian Financial Supervisory Authority. An Extraordinary General Meeting will be held on October 26th. The proceeds from the bond will allow Insr to

Insr: Contemplating issuing Tier 1 capital

Insr Insurance Group ASA is considering issuing a NOK 75 million Perpetual Restricted Tier 1 bond with first call option after five years. The full amount is pre-committed at an interest rate of 3-month NIBOR +3.75%. The proceeds from the bond will allow Insr to take advantage of identified growth opportunities and to reduce its reinsurance quota cession through strengthening the Company’s solvency position. The bond will contribute to an efficient capital structure for Insr in combination with Insr’s existing Tier 2 bond. Taking advantage of the full range of capital instruments

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