Storebrand Bank Issues New Green Senior Preferred Bond

26 Nov 2024 15:14 CET

Storebrand Bank ASA has today announced the issuance of a new green senior
preferred bond MREL-eligible. This issuance is part of the bank's strategy to
strengthen its capital base and secure long-term green financing.

Key details of the bond:

· Volume:              NOK 300 million
· Coupon Rate:    NIBOR + 61 bps
· Maturity Date:    March 2, 2028
· ISIN:                    NO0013415240

The bond will be listed on Nordic ABM, and the proceeds from the issuance will
be used to finance green mortgages in line with the bank's growth strategy.

"We are pleased to offer this new green bond to our investors. This is an
important contribution to a greener financing structure and to the development
of a green bond market in Norway," says CEO Camilla Leikvoll of Storebrand Bank.

Contact person: Einar Leikanger, Head of Treasury Storebrand Bank ASA, tlf.: +47
93420379


Source

Storebrand Bank ASA

Provider

Oslo Børs Newspoint

Company Name

Storebrand Bank ASA 19/30 FRN C SUB, 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%, Storebrand Bank ASA 23/PERP FRN C HYBRID, Storebrand Bank ASA 23/26 FRN, Storebrand Bank ASA 24/27 FRN

ISIN

NO0010843519, NO0011146359, NO0011104077, NO0012446428, NO0012617697, NO0012626953, NO0012838913, NO0012981630, NO0013090621, NO0013119206

Market

Nordic Alternative Bond Market