Kommunal Landspensjonskasse to redeem ¥9.5 billion subordinated bonds

By Sarah Lizee

Olympia, Wash., Sept. 5 – Kommunal Landspensjonskasse Gjensidig Forsikringsselskap plans to redeem all its outstanding ¥9.5 billion perpetual subordinated step-up bonds on Oct. 30, according to a filing with the London Stock Exchange.

The notes will be redeemed at par with any accrued interest, arrears of interest, and any additional interest on the adjustment date.

Citibank NA is the paying agent.

Kommunal Landspensjonskasse is an Oslo-based mutual insurance company.

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