Storebrand secures NOK 500m in new bond issue

Storebrand ASA, rated BBB+ (stable) by S&P, today announced the successful placement of a new NOK 500 million senior unsecured bond issue. The 5-year bonds carry a floating rate coupon of 3 months Nibor +1.00% per annum, with proceeds earmarked for general corporate purposes. The company plans to apply for listing of these bonds on Nordic ABM. Danske Bank and SEB served as joint lead managers for this transaction.

Storebrand, headquartered in Lysaker, Norway, is a prominent Nordic asset manager, overseeing NOK 1,040 billion. The firm serves approximately 40,000 corporate customers and 2 million individual customers, aiming to provide financial freedom and security through long-term savings and insurance solutions.