Storebrand Bank adjusts bond portfolio with NOK 2.5bn sale

Storebrand Bank ASA announced an adjustment to its bond portfolio, involving the sale and repurchase of bonds. The bank divested NOK 2,500 million from its proprietary holding in bonds issued by Storebrand Boligkreditt AS. This significant sale demonstrates an active management approach.

Concurrently with the sale, Storebrand Bank ASA also acquired NOK 322 million in bonds, also issued by Storebrand Boligkreditt AS. Both the sold and repurchased bonds originated from Storebrand Boligkreditt AS, indicating an internal realignment within the Storebrand group.

The announcement, released on the Oslo Stock Exchange, provides an overview of these transactions. Einar Leikanger, finance manager, was listed as the contact person for further inquiries.