Gjensidige Forsikring ASA ("Gjensidige" or "the Company"), rated A/stable by
S&P, has mandated Danske Bank and DNB Carnegie as Joint Lead Managers for a
potential issuance of NOK subordinated Tier 2 capital bonds, subject to market
conditions.
The bond issue will have a floating interest rate, a tenor of minimum
30 years and a first call option after minimum 5 years. The expected issue size
is up to NOK 1 billion. The Tier 2 bond issue will be Solvency II compliant and
is expected to be rated BBB+ by S&P.
The contemplated bond issue is authorised by the Company's General Meeting and
approved by the Norwegian Financial Supervisory Authority.
For further information, please contact:
Berit Nilsen, Head of Investor Relations,?tel. +47 976 60 704
This information is subject to disclosure under the Norwegian Securities Act
section 5-12.
Gjensidige is a leading Nordic insurance group listed on the Oslo Stock
Exchange. We have about 4,150 employees and offer insurance products in
Norway, Denmark and Sweden. In Norway, we also offer pension and savings. The
Group's operating income was NOK 43 billion in 2025, while total assets were NOK
192 billion. For more information, visit: www.gjensidige.com
ormation\, visit: www.gjensidige.com\