Topdanmark Forsikring A/S – Redemption of subordinated notes
Topdanmark Forsikring A/S – Redemption of subordinated notes
23 October 2020
Announcement no. 12/2020
On 11 December 2015, Topdanmark Forsikring A/S issued subordinated notes of DKK 500m as subordinated loan capital.
These subordinated notes will be redeemed at par on 11 December 2025 at the latest. However, from 11 December 2020 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 has decided to redeem early thus, after a maturity of five years, paying back the loan to the investors at par on 11 December 2020.
The Danish Financial Authority has pre-approved the redemption.
Please direct any queries to:
Steffen Heegaard, IR Director
Direct tel: +45 4474 4017, Mobile: +45 4025 3524
Topdanmark Forsikring A/S
CVR no. 78416114
Borupvang 4
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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