Topdanmark A/S

Topdanmark Forsikring A/S – Redemption of subordinated notes

16.7.2021 12:07:03 CEST | Topdanmark A/S | Other information disclosed according to the rules of the Exchange

Topdanmark Forsikring A/S – Redemption of subordinated notes

16 July 2021

Announcement no. 11/2021

 

In company announcement no. 09/2021 dated 3 June 2021, Topdanmark informed about its intention of redeeming subordinated notes of DKK 850m which Topdanmark Forsikring A/S issued as subordinated loan capital on 11 December 2015. The final decision awaited the approval of the Danish Financial Supervisory Authority.

Topdanmark has now received the 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 therefore decided to redeem early, thus paying back the loan to the investors at par as at 11 September 2021.

The subordinated notes have already been deducted from Topdanmark A/S’ solvency calculation for Q2 2021, and so the early redemption will not give rise to any further solvency consequences.

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
2750 Ballerup

Denmark

Contacts

Robin Hjelgaard Løfgren

Head of Investor Relations

rho@topdanmark.dk

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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