Storebrand ASA

Storebrand ASA Storebrand Livsforsikring AS has 5 June issued Perpetual Subordinated Notes of a total of NOK 1.7 billion. The floating rate coupon was set at 3-month NIBOR plus 3.50%-points.

Storebrand ASA Storebrand Livsforsikring AS, a wholly owned subsidiary of Storebrand ASA, has today decided to issue and sell Perpetual Subordinated Notes denominated in NOK for a total amount of minimum NOK 1 billion. Nordea Markets is mandated as Joint Lead Manager and Bookrunner for the transaction and can be contacted for further information on terms and conditions. Final size and terms of the issue will be announced when the sales period is over.

Storebrand ASA Storebrand Bank has today issued the first tranche of NOK 500 million in a new NOK 1 billion 6.50% fixed rate senior unsecured bond loan falling due on 4 June 2015. Lead arranger was DnB NOR Markets and the issue has been done in the Norwegian market.