Published on 3/24/2021 in the Prospect News Green Finance Daily.
New Issue: Storebrand sells €300 million 1.875% green bonds due 2051 in oversubscribed deal
By Devika Patel
Knoxville, Tenn., March 24 – Storebrand Livsforsikring AS sold €300 million of 1.875% green subordinated bonds due Sept. 30, 2051in an oversubscribed offering, according to a press release.
J.P. Morgan AG, BNP Paribas and Danske Bank were the managers.
Storebrand is a financial services company based in Lysaker, Norway.
| Issuer: | Storebrand Livsforsikring AS
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| Issue: | Green subordinated bonds
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| Amout: | €300 million
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| Bookrunners: | J.P. Morgan AG, BNP Paribas and Danske Bank
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| Maturity: | Sept. 30, 2051
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| Coupon: | 1.875%
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| Trade date: | March 24
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| Settlement date: | March 31
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