Tryg has successfully completed issuance of a NOK 800m perpetual subordinated bond issue (Tier 2) in the Norwegian bond market.
As previously announced in the annual report 2012, the purpose of the bond issue is to refinance an existing EUR 65m subordinated loan and to strengthen Tryg's capital base.
The bond issue is rated BBB by Standard & Poor’s and is subject to a floating interest rate of NIBOR 3 months + 375 bp.
The bonds are expected to be listed at Oslo ABM.
Additional information
Investor Relations Director Lars Møller. Phone +45 22 66 66 05 and e-mail lars.moeller@tryg.dk
Investor Relations Manager Peter Brondt. Phone +45 22 75 89 04 and e-mail peter.brondt@tryg.dk
Tryg is the leading Nordic provider of “peace of mind” solutions with property & casualty insurance operations in Denmark, Norway and Sweden. Tryg is listed on Nasdaq OMX Copenhagen and 60% of the shares are held by TryghedsGruppen smba.
