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Protector Forsikring ASA

12/03/2021 | Press release | Distributed by Public on 12/03/2021 05:59

PROTECTOR FORSIKRING ASA – SUCCESSFUL PLACEMENT OF NEW PERPETUAL RESTRICTED TIER 1 BOND ISSUE

PROTECTOR FORSIKRING ASA - SUCCESSFUL PLACEMENT OF NEW PERPETUAL RESTRICTED TIER 1 BOND ISSUE

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03 Dec 2021 12:57 CET

Company Name

PROTECTOR FORSIKRING, Protector Forsikring ASA 17/47 FRN C SUB, Protector Forsi ASA 17/PERP FRN C HYBRID

ISN

NO0010209331, NO0010790074, NO0010790066

Market

Oslo Børs

Symbol

PROT

Protector Forsikring ASA, rated bbb+ (Good) Stable outlook by A.M. Best, has
today successfully issued a new NOK 350,000,000 Solvency II compliant Perpetual
Restricted Tier 1 bond pricing at 3m NIBOR + 475bps. The bonds will have first
call option by Protector Forsikring ASA on 14 December 2026, five years after
settlement date. The bonds will qualify as Restricted Tier 1 Instruments for the
issuer for the purpose of applicable regulations.

The bonds will be applied for listing at Oslo Børs.

Nordea and Pareto Securities acted as Joint Lead Arrangers for the bond issue.

Oslo, 3 December 2021

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.

More information:
Access the news on Oslo Bors NewsWeb site

Source

Protector Forsikring ASA

Provider

Oslo Børs Newspoint