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Published on 2/17/2023 in the Prospect News Liability Management Daily.

Storebrand Livsforsikring will redeem subordinated notes on April 4

By Mary-Katherine Stinson

Lexington, Ky., Feb. 17 – Storebrand Livsforsikring AS has announced a redemption of all its outstanding $300 million fixed/floating rated dated subordinated bonds due 2043 (ISIN: XS0909773268), according to multiple announcements.

The bonds will be redeemed at par plus any accrued interest and arrears of interest on April 4.

The company has received the necessary consent from the Financial Supervisory Authority of Norway (Finanstilsynet) for the redemption.

Storebrand is a financial services company based in Lysaker, Norway.


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