Storebrand Livsforsikring AS: Contemplating new green bond issue

Storebrand Livsforsikring AS, rated A- by S&P, has mandated Danske Bank and Nordea to arrange a virtual fixed income investor meeting on Wednesday 18 May 2022 at 14:30. A new green subordinated Tier 2 transaction with 30 years tenor, 5 years to first call and minimum size NOK 500 million will follow, subject to market conditions. The green bond issue is expected to be rated BBB by S&P and will be Solvency II compliant.

In conjunction with the new green bond issuance Storebrand Livsforsikring AS may consider to buy back outstanding bonds with ISIN NO0010810237. 

The contemplated new bond issue is approved by the company's general meeting and the Norwegian FSA (Finanstilsynet).

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