Protector Forsikring raises NOK 350m in new bond issue

Protector Forsikring ASA, rated A- (Excellent) by AM Best, has successfully completed a new NOK 350,000,000 Solvency II compliant Perpetual Restricted Tier 1 bond issue. The bond priced at 3m NIBOR + 260bps and features a first call option on 4 November 2030, five years after the expected settlement date. This instrument will qualify as a Restricted Tier 1 Instrument for the issuer under applicable regulations.

The settlement date for this new bond issue is anticipated to be 4 November 2025. Protector Forsikring intends to apply for listing of the new bond on Oslo Børs. Nordea served as the sole manager for this bond issuance.