Brief: Gjensidige Forsikring Contemplates Subordinated Tier 2 Bond Issue

Gjensidige Forsikring ASA

18/09/2023 07:15

Sept 18 (Reuters) - Gjensidige Forsikring ASA  GJFG.OL :
    * CONTEMPLATING SUBORDINATED TIER 2 BOND ISSUE
    * CONTEMPLATES TO ISSUE NEW TIER 2 BOND ISSUE IN NOK WITH
FLOATING
INTEREST RATE
    * ISSUANCE WILL HAVE A MINIMUM 30-YEAR TENOR, AND ISSUER
WILL HAVE
A FIRST CALL OPTION AFTER MINIMUM 5 YEARS
    * EXPECTED ISSUE SIZE UP TO NOK 1,200 MILLION
    * TIER 2 BOND ISSUE WILL BE SOLVENCY II COMPLIANT AND IS
EXPECTED
TO BE RATED BBB+ BY S&P

Source text for Eikon:  ID:nWkr1z7fZP 
Further company coverage:  GJFG.OL 

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