Gjensidige Forsikring ASA: Contemplating Subordinated Tier 2 bond issue

Gjensidige Forsikring ASA ("Gjensidige" or "the Company"), rated A/stable by S&P, has mandated Danske Bank and DNB Carnegie as Joint Lead Managers for a potential issuance of NOK subordinated Tier 2 capital bonds, subject to market conditions.  

The bond issue will have a floating interest rate, a tenor of minimum 30 years and a first call option after minimum 5 years. The expected issue size is up to NOK 1 billion. 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:  
Berit Nilsen, Head of Investor Relations, tel. +47 976 60 704 

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 4,150 employees and offer insurance products in Norway, Denmark and Sweden. In Norway, we also offer pension and savings. The Group's operating income was NOK 43 billion in 2025, while total assets were NOK 192 billion. For more information, visit: www.gjensidige.com