Sampo plc issues restricted tier 1 notes amounting to SEK 1.5 billion

Sampo plc (“Sampo”) has successfully issued restricted tier 1 notes amounting to SEK 1.5 billion.

The notes are perpetual, carry a floating interest rate and have been admitted to trading on the corporate bond list of Nasdaq Stockholm.

Sampo is the leading property and casualty (P&C) insurance group in the Nordic region, and the only one present in all Nordic countries, customer segments and products. The Group is also a major operator in the growing digital P&C insurance market in the UK. The Group’s customer brands include If, Topdanmark and Hastings. Sampo is listed on Nasdaq’s exchanges in Helsinki, Stockholm and Copenhagen.

Sampo was advised by Mannheimer Swartling in the transaction. The firm’s team consisted of Daniel Karlsson, Johanna Vang and Nils Grahed Thunberg.