STOREBRAND BANK ASA – SALE AND NEW OUTSTANDING AMOUNT OF BONDS

Storebrand Bank ASA sold NOK 2,800 million of retained holdings in STORK18 (NO0011073140) to Storebrand Boligkreditt AS. The bond will be written down accordingly, leaving a new outstanding amount of NOK 1,342 million. The announcement is a routine balance-sheet and funding update with limited immediate market impact.

Analysis

Storebrand Bank ASA sold NOK 2,800 million of retained holdings in STORK18 (NO0011073140) to Storebrand Boligkreditt AS. The bond will be written down accordingly, leaving a new outstanding amount of NOK 1,342 million. The announcement is a routine balance-sheet and funding update with limited immediate market impact.