Gjensidige Forsikring ASA ("Gjensidige" or "the Company", OSE:GJF, LEI 5967007LIEEXZX6FAO47), rated A by S&P (stable), has mandatedDNB Markets andNordea Bank Abp as Joint Lead Managers to arrange a digital fixed income investor meeting on Monday19 February 2024 . The company contemplates to issue a new Tier 2 bond issue in NOK with floating interest rate. The issuance may be split in one or more tranches, and each tranche will have a minimum 30-year tenor, and the issuer will have a first call option after minimum 5 years. Expected issue size is up toNOK 800 million , subject to market conditions. The Tier 2 bond issue will be Solvency II compliant and is expected to be rated BBB+ by S&P. The contemplated bond issue is authorised by the Company's General Meeting and approved by theNorwegian Financial Supervisory Authority . In conjunction with the potential bond issuance the company may consider to buy -back the outstanding Subordinated Tier 2 bond issue GJF01 (ISIN NO0010720378). For further information, please contact:Mitra Hagen Negård , Head of Investor Relations, tel. +47 957 93 631 This information is subject to disclosure under the Norwegian Securities Act section §5-12. Gjensidige is a leading Nordic insurance group listed on theOslo Stock Exchange . We have about 4,500 employees and offer insurance products inNorway ,Denmark ,Sweden and the Baltic states. InNorway , we also offer pension and savings. The Group's operating income wasNOK 36 billion in 2023, while total assets wereNOK 148 billion .
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