Storebrand Livsforsikring

22 Feb 2008

Rating: Baa1/BBB+
Amount: Eu300m upper tier two capital
Maturity: perpetual
Issue/re-offer price: 100.00
Coupon: 9.404% until 26 June 2013; thereafter coupon steps up by 75bp to three month Euribor plus 600bp if not called
Call option: at par from 26 June 2013
Spread at re-offer: 525bp over mid-swaps; 581.5bp over the 4.25% October ...

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