Successful issuance of Restricted Tier 1 capital by Storebrand Livsforsikring AS
Storebrand Livsforsikring AS, rated A by S&P, refers to the announcement made today and the company has today issued perpetual Restricted Tier 1 capital which was substantially oversubscribed, and is split in the following two tranches: - NOK 500 million with a floating rate coupon equal to 3 months NIBOR + 2.20% p.a. - SEK 500 million with a floating rate coupon equal to 3 months STIBOR + 2.10% p.a. The bonds will be Solvency II compliant, and all tranches have a first-time call option for the company 7 years after the settlement date on 12 May 2026, and are expected to be rated