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- Storebrand Bank ASA: Contemplating Issuance of Additional Tier 1 Bonds and Buy-back
Storebrand Bank ASA: Contemplating issuance of Additional Tier 1 bonds and buy-back
08 Feb 2023 08:52 CET
Storebrand Bank ASA (rated A / Stable by S&P) has mandated DNB Markets as Sole
Manager for a potential issuance of Additional Tier 1 bonds of up to NOK 125
million.
The Additional Tier 1 bonds will carry a floating coupon rate, have a perpetual
tenor and have a first call option for the issuer minimum 5 years after the
settlement date, subject to approval from the Financial Supervisory Authority of
Norway, if required.
In conjunction with the new issue, the bank will consider buy-back, in whole or
in parts, of the outstanding Additional Tier 1 bond issue with ticker STORB57
PRO and ISIN NO0010818511.
The potential bond issue has been approved by the bank's General Meeting.
Lysaker, 8 February 2023.
Contact person in Storebrand Bank ASA:
Einar Leikanger, Head of Treasury, tel: +47 934 20 379.
This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Storebrand Bank ASA
Provider
Oslo Børs Newspoint
Company Name
Storebrand Bank ASA 18/PERP FRN C HYBRID, Storebrand Bank ASA 19/30 FRN C SUB, Storebrand Bank ASA 19/PERP FRN C HYBRID, Storebrand Bank ASA 20/23 FRN, Storebrand Bank ASA 21/24 FRN, Storebrand Bank ASA 21/25 FRN, Storebrand Bank ASA 21/31 FRN C SUB, Storebrand Bank ASA 22/32 FRN C SUB, Storebrand Bank ASA 22/25 FRN, Storebrand Bank ASA 22/26 3,94%
ISIN
NO0010818511, NO0010843519, NO0010843501, NO0010881386, NO0010891344, NO0010931819, NO0011146359, NO0011104077, NO0012446428, NO0012617697, NO0012626953
Market
Nordic Alternative Bond Market