Storebrand Bank ASA: Contemplating new subordinated Tier 2 bond issue

Storebrand Bank ASA (Rated A/Stable by S&P) has mandated Danske Bank and SB1 Markets as Joint Lead Managers for a potential issuance of Tier 2 bonds of minimum NOK 300 million.

The Tier 2 bonds will have a floating rate and a first call option for the issuer minimum 5 years after the issue date, subject to approval by the Financial Supervisory Authority of Norway, if required. The timing of the transaction is subject to market conditions.

Contact person:

Einar Leikanger. Head of Treasury T: +47 934 20379