Storebrand Livsforsikring AS (STB)

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Storebrand Livsforsikring AS (STB)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	STB	Storebrand Livsforsikring AS	kr2,000		2	EMEA	Nov 8, 2022

Tranche #1Storebrand Livsforsikring AS

currency

NOK

size (m)

1,250.000

maturity

Feb 17, 2053

type

Floating

tenor

30.250

call

registration

benchmark

3mN

ranking

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

3mN+375 a

ipt-pxd

guidance

3mN+370-375

spread

370

coupon

3mN+370

spread set

price

yield

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche #2Storebrand Livsforsikring AS

currency

NOK

size (m)

750.000

maturity

Feb 17, 2053

type

Variable

tenor

30.250

call

registration

benchmark

Swaps

ranking

moody's

s&p

BBB+

fitch

size description

re-open/tap

ipt

MS+361 a

ipt-pxd

guidance

MS+356-361

spread

coupon

7.35%

spread set

price

yield

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

30.25 yr: Redemption: 2027-11-17; Comments: NOK1.25bn 30.25NC5.25yr FRN part of multi tranche Tier 2. NR/BBB+. DNB/Nordea. IPTs 3mN+375 area. Guidance 3mN+ 370/+375. Books combined 2.5bn+ (@guidance). 3mN +370 for 1.25bn. Reset Date: 2028-02-17. LEI: 5967007LIEEXZX9TZC13; 30.25 yr: Redemption: 2027-11-17; Comments: NOK750m 30.25NC5.25yr part of multi tranche Tier 2. NR/BBB+. DNB/Nordea. IPTs MS+361 area. Guidance MS+ 356/+361(WPIR) for min 1.5bn combined. Books combined 2.5bn+ (@guidance). LEI: 5967007LIEEXZX9TZC13;

Deal Comments

Tier 2. Green Bond

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Storebrand Livsforsikring AS (STB)

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