Storebrand Bank offloads NOK 500m bond holding

Storebrand Bank ASA has announced the sale of its entire NOK 500 million holding in the STORK23 bond, identified by ISIN NO0013648287. This divestment represents a notable transaction given the bond's total outstanding amount of NOK 9700 million.

The financial institution provided minimal additional details regarding the rationale behind the sale or the acquiring party. This type of transaction is common as banks manage their balance sheets, liquidity, and risk exposure in response to market conditions or internal strategic objectives.

For further inquiries, einar leikanger, head of treasury, is listed as the contact person. His contact number is +47 934 20379.