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Storebrand Bank ASA: Contemplating issuance of Additional Tier 1 bonds and buy-back

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Storebrand Bank ASA (issuer rating A/ Stable by S&P Global Ratings) has mandated Danske Bank as Sole Manager for a potential issuance of Additional Tier 1 bonds with expected size of NOK 125 million, subject to market conditions.

The Additional Tier 1 bonds will have a perpetual tenor and a first call option for the issuer minimum 5 years after the settlement date, subject to approval from the Financial Supervisory Authority of Norway, if required.

In conjunction with the new issue, the issuer will consider buy-backs, in whole or in parts, of the outstanding Additional Tier 1 bond issue with ticker STORB61 PRO and ISIN NO0010843501.

The potential bond issue has been approved by the bank's General Meeting.

Contact person:

Einar Leikanger, Head of Treasury Storebrand Bank ASA, tlf.: +47 93420379

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