With reference to the announcement on 15 September 2026, Gjensidige Forsikring
ASA ("Gjensidige" or "the Company"), A rated by S&P (stable), has today
successfully completed the issuance of a NOK 1,000 million in a new subordinated
Tier 2 capital bond issue.
The subordinated Tier 2 bond issue will have a floating rate coupon equal to 3
months NIBOR + 1.10% p.a. and have a tenor of 30 years with a first call option
for Gjensidige after 5.5 years. Expected issue rating is BBB+ by S&P and ISIN is
NO0013770495.
The Tier 2 issue is Solvency II compliant, and the issuance has
been authorised by the Company's General Meeting and approved by the Norwegian
Financial Supervisory Authority.
Settlement of the bonds is expected to be 22 September 2026, and the bonds will
be applied for listing on Euronext Oslo Børs.
Danske Bank and DNB Carnegie acted as Joint Lead Managers.
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
more information\, visit: www.gjensidige.com\