Gjensidige Forsikring ASAOSL: GJF

Gjensidige Forsikring ASA: Contemplating Subordinated Tier 2 bond issue

· Issued by Gjensidige Forsikring ASA

Summary by 6ix AI

Gjensidige Forsikring ASA, a Nordic insurance group, has hired Danske Bank and DNB Carnegie as joint lead managers for a potential issue of NOK subordinated Tier 2 capital bonds (debt that ranks below senior debt and counts toward regulatory capital), subject to market conditions.

Key details

  • The expected issue size is up to NOK 1 billion.
  • The bonds would have a floating interest rate, a term of at least 30 years and a first option for Gjensidige to repay them early after at least 5 years.
  • Gjensidige says the Tier 2 bond issue will be compliant with Solvency II, the European insurance capital rules, and it is expected to be rated BBB+ by S&P. Gjensidige itself is rated A/stable by S&P.
  • The contemplated issue is authorised by the Company's General Meeting and approved by the Norwegian Financial Supervisory Authority.

What’s still pending

  • The issue is subject to market conditions.
  • The issue size of up to NOK 1 billion and the BBB+ rating from S&P are expected, not final.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/gjensidige-forsikring-asa-contemplating-subordinated-tier-2-bond-issue

Watch Gjensidige Forsikring's latest callGjensidige Forsikring (Oslo:GJF) Q2 2026 Earnings Call · Replay · Jul 13Read the transcript of Gjensidige Forsikring (Oslo:GJF) Q2 2026 Earnings Call

Gjensidige Forsikring ASA ("Gjensidige" or "the Company"), rated A/stable by S&P, has mandated Danske Bank and DNB Carnegie as Joint Lead Managers for a potential issuance of NOK subordinated Tier 2 capital bonds, subject to market conditions.

The bond issue will have a floating interest rate, a tenor of minimum 30 years and a first call option after minimum 5 years. The expected issue size is up to NOK 1 billion. The Tier 2 bond issue will be Solvency II compliant and is expected to be rated BBB+ by S&P.

The contemplated bond issue is authorised by the Company's General Meeting and approved by the Norwegian Financial Supervisory Authority.

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

https://news.cision.com/gjensidige-forsikring-asa/r/gjensidige-forsikring-asa--contemplating-subordinated-tier-2-bond-issue,c4395711

(c) 2026 Cision. All rights reserved., source Press Releases - English

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