30 November 2015
As described in the interim report for Q1-Q3 2015 for Topdanmark A/S and company announcement of 11 November 2015 from Topdanmark Forsikring A/S, Topdanmark Forsikring A/S has decided to issue new subordinated notes with provisions in accordance with the requirements of Solvency II by the end of 2015.
On this basis Topdanmark Forsikring A/S today publishes a base prospectus, which has been prepared with a view to the potential issue, offer, admittance to trading and official listing on NASDAQ Copenhagen A/S of the subordinated notes.
The base prospectus has been prepared on a basis that allows the subordinated notes to be offered and resold in Denmark by Danske Bank A/S for a certain period of time in circumstances where there is no exemption from the obligation to publish a prospectus in accordance with applicable regulation in Denmark. The base prospectus can be downloaded from www.topdanmark.com.
Topdanmark Forsikring A/S expects to initiate a bookbuilding process from 1 December 2015 for the issue of the subordinated notes. The bookbuilding process is arranged by Danske Bank A/S. The subordinated notes will be issued in two series: one series with a fixed interest rate until five years prior to the maturity date of 11 December 2025, and one series with a variable interest rate until five years prior to the maturity date of
11 June 2026. Both series will have a variable rate of interest during the last five years where Topdanmark Forsikring A/S has the option to redeem the notes on every interest payment date, subject to the approval by the Danish Financial Supervisory Authority. The subordinated notes will have a denomination of DKK 10,000.
Information on the final terms and conditions for the subordinated notes will be published in a separate pricing notice upon conclusion of the bookbuilding process.
The above is subject to changes in terms and market conditions.
Disclaimer
The information contained herein is not for release, publication or distribution, directly or indirectly, in or to the United States, Canada, Japan or Australia or any other jurisdiction in which such release, publication or distribution would be unlawful.
This announcement does not constitute an offer to buy or sell securities in Topdanmark Forsikring A/S in the United States, Canada, Japan or Australia or any other jurisdiction.
Please direct any queries to:
Steffen Heegaard, Head of IR and Group Communications
Direct tel: +45 4474 4017, Mobile: +45 4025 3524
Topdanmark Forsikring A/S
Reg.No. 78416114
Borupvang 4
2750 Ballerup
