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Tryg Forsikring A/S prices Tier 2 Capital Notes

Nachrichtenquelle: globenewswire
05.05.2021, 19:09  |  159   |   |   

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

In accordance with the press release dated 3 May 2021, the offering of the new Tier 2 Capital Notes was priced and subscribed today with significant demand. Tryg Forsikring A/S has accordingly decided to issue notes for a nominal amount of SEK 1.3bn and NOK 850m (the "Transaction"). The Transaction was more than 2 times oversubscribed and has been placed primarily with Asset Managers and Funds in all the Scandinavian countries.

The Transaction will be issued on 12 May 2021. The NOK Notes will have a variable interest rate of 3M NIBOR +1,25% per annum and the SEK Notes will have a variable interest rate of 3M STIBOR + 1,15% per annum. All of the Notes will feature an interest rate step-up of 1.00% per annum from 12 May 2031.

The first interest payment date on the Transaction will be 12 August 2021. The Transaction has scheduled maturity on 12 May 2051, but Tryg Forsikring A/S has the option to prepay the NOK Notes at par on 12 May 2027 and the SEK Notes at par on 12 November 2026 and, in each case, on any interest payment date following that date.

The notes are expected to be listed on Oslo Børs.

Additional information:
For further information, visit tryg.com or contact:

Investor Relations Officer, Gianandrea Roberti at +45 20 18 82 67 or gianandrea.roberti@tryg.dk
Investor Relations Manager, Peter Brondt at +45 22 75 89 04 or peter.brondt@tryg.dk

This announcement is for information purposes only and is not intended to, and does not, constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction pursuant to the Transaction or otherwise in any jurisdiction in which such offer, invitation or solicitation is unlawful.

This announcement does not constitute a prospectus, prospectus equivalent document or an exempted document.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 (the "US Securities Act"), as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

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Disclaimer

Tryg Forsikring A/S prices Tier 2 Capital Notes NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION In accordance with …

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