Storebrand Bank ASA (rated A / Stable by S&P) has mandated DNB Markets as Sole
Manager for a potential issuance of Additional Tier 1 bonds of up to NOK 125
million.
The Additional Tier 1 bonds will carry a floating coupon rate, have a perpetual
tenor and have a first call option for the issuer minimum 5 years after the
settlement date, subject to approval from the Financial Supervisory Authority of
Norway, if required.
In conjunction with the new issue, the bank will consider buy-back, in whole or
in parts, of the outstanding Additional Tier 1 bond issue with ticker STORB57
PRO and ISIN NO0010818511.
The potential bond issue has been approved by the bank's General Meeting.
Lysaker, 8 February 2023.
Contact person in Storebrand Bank ASA:
Einar Leikanger, Head of Treasury, tel: +47 934 20 379.
This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.