With reference to the announcement dated
The Subordinated Tier 2 bond will have a floating rate coupon equal to 3 months NIBOR + 1.70% p.a., and have a tenor of 30.5 years with a first call option for Gjensidige after 5.25 years. Expected issue rating is BBB+ by S&P.
The Tier 2 issue is Solvency II compliant, and the issuance has been authorised by Gjensidige's General Meeting and approved by the
Settlement of the bonds is expected to be
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This information is subject to disclosure under the Norwegian Securities Act section §5-12.
Gjensidige is a leading Nordic insurance group listed on the
https://news.cision.com/gjensidige-forsikring-asa/r/gjensidige-forsikring-asa--successful-issuance-of-subordinated-tier-2-capital,c3932424
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