Alm. Brand A/S priced DKK 325 million in perpetual Restricted Tier 1 notes at 3M CIBOR +260bps, with settlement set for 18 November 2026 and a potential redemption window opening in November 2031.
Alm. Brand priced DKK 325 million of perpetual Restricted Tier 1 notes at 3M CIBOR +260bps on 10 November 2026, settling 18 November 2026. The successful placement strengthens the insurer's capital base at a fixed spread, which is mildly supportive but a routine, pre-announced funding step rather than an earnings surprise.
Alm. Brand A/S has successfully priced and subscribed DKK 325 million in perpetual Restricted Tier 1 capital notes. The notes carry a variable interest rate of 3M CIBOR plus 260bps, with settlement scheduled for 18 November 2026. The company retains the option to redeem the notes at par beginning 18 November 2031.
The company priced and placed DKK 325 million of perpetual Restricted Tier 1 capital notes paying 3M CIBOR plus 260bps per annum, to be settled on 18 November 2026.
Alm. Brand can redeem the notes at par from 18 November 2031 to 18 February 2032, or on any interest payment date thereafter, subject to the terms and conditions.