Fremtind issues NOK 1 bn subordinated Tier 2 bond

Fremtind Forsikring AS, rated A2 by Moody's (stable), has successfully completed a NOK 1 billion Subordinated Tier 2 bond issue. The bond features a floating rate coupon set at 3 months NIBOR + 1.30% p.a. and has a 30.25-year tenor, with Fremtind holding a first call option after 5 years, subject to regulatory approval. Moody's expects an issue rating of Baa1.

The Tier 2 issue is Solvency II compliant, having received authorization and approval from the Norwegian Financial Supervisory Authority. DNB Carnegie acted as the sole manager for the issuance.

Settlement for the bonds is anticipated on 10 September 2025, with an application for listing on Oslo Børs to follow.