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
Lysaker,
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.
https://news.cision.com/storebrand-livsforsikring-as/r/storebrand-livsforsikring-as---contemplating-restricted-tier-1-bond-issue,c3401431
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