Topdanmark Forsikring A/S – Redemption of subordinated notes
3 June 2021
Med. nr. 09/2021
Topdanmark Forsikring A/S – Redemption of subordinated notes
On 11 December 2015, Topdanmark Forsikring A/S issued subordinated notes of DKK 850m as subordinated loan capital.
The subordinated notes will be redeemed at par on 11 June 2026 at the latest. However, from 11 June 2021 and every quarter hereafter, Topdanmark Forsikring A/S may redeem early at par subject to the prior approval of the Danish Financial Supervisory Authority.
Given the terms of the bonds and the capital position of Topdanmark Forsikring A/S, the Company's Board of Directors intends to decide to redeem early, thus paying back the loan to the investors at par as soon as possible and most likely by 11 December 2021, subject to the approval of the Danish Financial Supervisory Authority. The subordinated notes will hereby be deducted from Topdanmark A/S’ solvency calculation as of today.
The final decision and redemption await the approval of the Danish Financial Supervisory Authority.
Please direct any queries to:
Robin Løfgren, Head of Investor Relations
Direct tel: +45 44 74 40 17
Mobile: +45 29 62 16 91
Topdanmark Forsikring A/S
CVR no. 78416114
Borupvang 4
DK-2750 Ballerup
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About Topdanmark A/S
Topdanmark is one of the country's largest insurance and pension companies.
For more than 100 years, we have helped our customers care for what matters the most. Prevent and limit damages. Secure financial security before and after retirement. For the benefit of both people and the environment.
It makes us an attractive company - not only for our customers, but also for our employees, shareholders and the world around us.
Find more information about Topdanmark on topdanmark.com
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