Tryg strengthens debt capital base ahead of RSA acquisition

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By Tyler Davies
24 Feb 2021

Tryg Forsikring found strong demand for a new restricted tier one (RT1) bond in the Swedish market on Wednesday, as it looked to optimise its capital structure in preparation for the purchase of RSA Insurance Group’s Nordic businesses.

The Danish insurance company opened books on a perpetual non-call five year RT1 through Danske Bank and Nordea on Wednesday morning.

It had already spoken with more than 50 local investors about its plans for the deal, which was capped at Skr1bn ($120m).

The bookrunners used feedback from ...

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