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2020-06-15

Storebrand Livsforsikring AS - Mandate announcement (Contemplated issuance of Tier 2 bond)

The contemplated new bond issue (loan) will have a 30 years tenor and minimum 5 years to first call and will be Solvency II compliant (is planned to qualify as solvency II capital under capital group 2 in solvency II). The proceeds from the contemplated bond issue will be used for general corporate purposes.

The contemplated new issue is approved by the company's general meeting, and the new issue is approved by the Norwegian FSA ("Finanstilsynet").

 

For further information, please contact:

Kjetil R. Krøkje, Group Head of Finance, Strategy and M&A, telephone +47 934 12 155

Nikola Heitmann, Head of Capital Management, telephone +47 416 97 236

 

MiFID II professionals/ECPs-only - Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels).

No PRIIPs key information document (KID) has been prepared as not available to retail in EEA

This information is subject to disclosure requirements pursuant to §5-12 of the

Norwegian Securities Trading Act.

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