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Storebrand ASA: Successful issuance of green Tier 2 bond issues from Storebrand Livsforsikring AS

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Storebrand Livsforsikring AS, rated A by S&P, has today issued two new green subordinated Tier 2 bond issues with floating and fixed-to-floating coupon:

  • FRN: NOK 1,250 million, coupon 3 months NIBOR + 3.70% p.a.
  • Fixed-to-floating: NOK 750 million, coupon 7.35% p.a. to 17 February 2028

Both issues have settlement date on 17 November 2022, and a tenor of 30.25 years with a first call option for the issuer on 17 November 2027.

The bond issues 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.

Both issues will be applied for listing at Oslo Børs, and the issuance has been approved by the company’s general meeting and by the Norwegian FSA (“Finanstilsynet”).


DNB Markets and Nordea acted as joint lead managers.


Oslo, 8 November 2022


For further information, please contact:

Kjetil R. Krøkje, Group Head of Finance, Strategy and M&A, telephone +47 934 12 155

Nikola Heitmann, Head of Capital Management, telephone +47 416 97 236

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

For further inquiries, please contact:

Head of Investor Relations & Rating, Daniel Sundahl:
daniel.sundahl@storebrand.no or (+47) 913 61 899

Storebrand's ambition is to provide our customers with financial freedom and security by being the best provider of long-term savings and insurance. Storebrand will deliver sustainable solutions adapted to the customer's individual situation. Storebrand has about 40.000 corporate customers and 2 million individual customers, and has its headquarter at Lysaker outside of Oslo, Norway. Storebrand manages NOK 1 040 bn and is one of the largest asset managers in the Nordics. Storebrand (STB) is listed on Oslo Stock Exchange.

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