Storebrand Livsforsikring AS has today successfully issued a new 30NC5 SEK 1,000,000,000 subordinated Tier 2 bond issue with a coupon of 3M Stibor + 2.40 per cent. The maturity date for the issue is 16 September 2049 and the issuer has a first call option on 16 September 2024. The bonds will qualify as Tier II capital under the European Solvency II regulatory capital regime for insurers.
The settlement date for the bond issue is 16 September 2019, and the bonds will be applied for listing at Oslo Børs.
In conjunction with the new bond issue Storebrand Livsforsikring AS has