Storebrand buys back NOK 217.5 million floating notes from two series

By Toni Weeks

San Diego, March 23 - Storebrand ASA bought back NOK 94 million of floating-rate notes due Sept. 2, 2011 and NOK 123.5 million of floating-rate notes due March 20, 2012, according to a company announcement.

The buyback was made in connection with the issuance of a new NOK 1 billion unsecured bond due April 5, 2016. The settlement date for the new bond is April 5.

Storebrand is an insurance and investments company based in Oslo.

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