Storebrand ASA (GB:0NO0) has released an update.
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Storebrand Livsforsikring AS has issued a new SEK 1 billion green subordinated bond with a first option to call in 2029 and a maturity date set for 2054. The bond will support the company’s Tier 2 capital and is expected to be rated BBB+ by S&P. The proceeds are aimed at enhancing Storebrand’s position as a leading provider of sustainable long-term savings and insurance solutions in the Nordics.
For further insights into GB:0NO0 stock, check out TipRanks’ Stock Analysis page.
