Capital/Financing Update • Nov 27, 2023
Capital/Financing Update
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PROTECTOR FORSIKRING ASA – FIXED INCOME INVESTOR MEETINGS AND MANDATE ANNOUNCEMENT
Protector Forsikring ASA, rated bbb+ (Good) Positive outlook by AM Best, has mandated Nordea and Pareto Securities as Joint Lead Managers to arrange a series of fixed income investor meetings commencing 27 November 2023. A new Solvency II compliant Tier 2 bond issue up to NOK 800 million with 30.25 years tenor and minimum 5 years to first call may follow, subject to inter alia market conditions.
The purpose of the contemplated issue is for the bonds to qualify as Tier 2 capital (basic own funds) of the issuer under the applicable regulations.
Oslo, 27 November 2023.
For further information, please contact:
CFO, Ditlev de Vibe Vanay, mob. +47 934 80 393
This information is subject to disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act.
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