Gjensidige Forsikring ASA: Contemplating Subordinated Tier 2 bond issue

28 Oct 2024 07:57 CET

Gjensidige Forsikring ASA ("Gjensidige" or "the Company", OSE: GJF, LEI
5967007LIEEXZX6FAO47), rated A by S&P (stable), has mandated DNB Markets and
Nordea Bank Abp as Joint Lead Managers to arrange a digital fixed income
investor meeting on Monday 28 October 2024.

The company contemplates to issue a new Tier 2 bond issue in NOK with floating
interest rate. The issuance may be split in one or more tranches, and each
tranche will have a minimum 30-year tenor, and the issuer will have a first call
option after minimum 5 years. Expected issue size is up to NOK 900 million,
subject to market conditions. The Tier 2 bond issue will be Solvency II
compliant and is expected to be rated BBB+ by S&P.

The contemplated bond issue is authorised by the Company's General Meeting and
approved by the Norwegian Financial Supervisory Authority.

For further information, please contact:
Mitra Hagen Negård, Head of Investor Relations, tel. +47 957 93 631

This information is subject to disclosure under the Norwegian Securities Act
section §5-12.

Gjensidige is a leading Nordic insurance group listed on the Oslo Stock
Exchange. We have about 4,500 employees and offer insurance products in Norway,
Denmark, Sweden and the Baltic states. In Norway, we also offer pension and
savings. The Group's operating income was NOK 36 billion in 2023, while total
assets were NOK 148 billion.

More information:
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