Protector Forsikring ASA – new Perpetual Restricted Tier 1 mandate announcement

Protector Forsikring ASA has mandated Nordea as Sole Manager to arrange a fixed income investor meeting starting Wednesday 2 September 2026 at 13:00 CEST. A NOK 350 million Solvency II compliant Perpetual Restricted Tier 1 bond issue may follow, subject to market conditions.

Key details

• Solvency II is the EU capital rulebook for insurers, and Restricted Tier 1 is a category of capital under those rules. The aim is for the bonds to qualify as Restricted Tier 1 Instruments for Protector Forsikring ASA under applicable regulations.
• The bond would have a minimum of 5 years to first call, meaning the earliest date the issuer could choose to repay it.
• The bond is aimed at eligible counterparties and professional clients only, through all distribution channels. It will not be available to retail investors in the European Economic Area (EEA), so no key information document for retail investors has been prepared.
• Protector Forsikring ASA is rated A- (Excellent) with a Stable outlook by A.M. Best.

What’s still pending

• The bond issue is not certain. It may follow the investor meeting, subject to market conditions.

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