Gjensidige Forsikring ASA successfully completed issuance of a Restricted Tier 1 bond issue and a Subordinated Tier 2 bond issue, both in the amount of NOK 1,200 million. The Restricted Tier 1 bond has a perpetual tenor with a first call for Gjensidige after 5 years and will have a floating rate coupon of 3M NIBOR + 2.25% p.a. The Subordinated Tier 2 bond has a tenor of 30 years with first call option for Gjensidige after 5.5 years and will have a floating rate coupon of 3M NIBOR + 1.10% p.a. Both issues are Solvency II compliant and have been authorised by Gjensidige's General Meeting, and are approved by the Norwegian Financial Supervisory Authority. Settlement of the bonds is expected to be 7 April 2021. The bonds will be applied for listing on Euronext Oslo Børs. DNB Markets and Pareto Securities acted as joint lead arrangers.