The Restricted Tier 1 bond has a perpetual tenor with a first call for the Company after 5 years and will have a floating rate coupon of 3M STIBOR + 2.40% p.a. Settlement of the bonds is expected to be
The bond is expected to be rated BBB- by S&P. The 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---successful-issuance-of-restricted-tier-1-bond,c3403035
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