Storebrand Livsforsikring AS: Contemplating new green bond issue and tender offer
Storebrand Livsforsikring AS, rated A- by S&P, has mandated BNP Paribas, Danske Bank and J.P. Morgan as Joint Bookrunners, and J.P. Morgan as Sole Green Structuring Agent to the Issuer, to arrange a series of fixed income investor calls to present its newly established Green Bond Framework. A EUR 300m green 30.5NC10.5 year Tier 2 subordinated transaction will follow, subject to market conditions. The green bond is expected to be rated BBB by S&P and a Second Party Opinion has been made available by Sustainalytics.
In conjunction with the contemplated new green bond issuance, Storebrand Livsforsikring AS has also launched a tender offer for up to EUR 50m in the outstanding bonds with ISIN XS0909773268.
Lysaker, 22 March 2021
For further information, please contact:
Kjetil R. Krøkje, Group Head of Finance, Strategy and M&A, telephone +47 934 12 155
Einar Leikanger, Head of Treasury, telephone +47 934 20 379
This information is subject to disclosure under the Norwegian Securities Act section §5-12.