Tryg Forsikring A/S prices Tier 2 Capital Notes

Core Viewpoint - Tryg Forsikring A/S successfully priced and subscribed new Tier 2 Capital Notes with significant demand, resulting in a total issuance of NOK 600 million and SEK 800 million, with the transaction being oversubscribed by more than 1.9 times [1][2]. Group 1: Transaction Details - The transaction will be settled on 2 October 2025, with NOK Notes having a variable interest rate of 3M NIBOR +115bps per annum and SEK Notes at 3M STIBOR +115bps per annum [2]. - An interest rate step-up of 1.00% per annum is scheduled from 2 October 2035 for all notes [2]. - The first interest payment date is set for 2 January 2026, with a scheduled maturity on 2 January 2056. Tryg Forsikring A/S has the option to prepay the notes at par between 2 October 2030 and 2 January 2031, or on any interest payment date thereafter [3]. Group 2: Company Overview - Tryg is one of the largest insurance companies in the Nordic region, operating in Denmark, Norway, and Sweden, serving over 6 million customers [7]. - The company is listed on NASDAQ Copenhagen, with approximately 49% of its shares held by TryghedsGruppen smba, which contributes around DKK 700 million annually to peace of mind purposes via TrygFonden [7].