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Storebrand Livsforsikring AS – Contemplating Restricted Tier 1 Bond Issue

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Storebrand Livsforsikring AS (“the Company”), rated A- by S&P, has mandated DNB Markets and Nordea as Joint Lead Managers to arrange a series of virtual investor meetings in the Nordics on Tuesday 24 August 2021.

Issuance of a benchmark perpetual Restricted Tier 1 bond issue with a target of 5 years to first call date may follow, subject to market conditions. The bond issue is expected to be denominated in NOK and/or SEK.  The bond is expected to be rated BBB- by S&P.

The contemplated bond issue will be Solvency II compliant and the proceeds from the bond issue will be used for general corporate purposes. The bond issue is approved by the Company's General Meeting and by the Norwegian Financial Supervisory Authority.

Lysaker, 23 August 2021

For further information, please contact:
Kjetil Krøkje, Group Head of Finance & Strategy, tel.: +47 93 41 21 55.

This information is subject to disclosure under the Norwegian Securities Act section §5-12.
 

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