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Gjensidige Forsikring ASA ( (GB:0OJC) ) just unveiled an update.
Gjensidige Forsikring ASA plans to issue a new Restricted Tier 1 bond with a perpetual tenor and a first call option after five years, aiming for an issue size of up to NOK 1,200 million. This move, approved by the Norwegian Financial Supervisory Authority, is expected to enhance the company’s financial flexibility and market positioning, with the bond being Solvency II compliant and expected to be rated BBB by S&P.
The most recent analyst rating on (GB:0OJC) stock is a Hold with a NOK274.76 price target. To see the full list of analyst forecasts on Gjensidige Forsikring ASA stock, see the GB:0OJC Stock Forecast page.
More about Gjensidige Forsikring ASA
Gjensidige Forsikring ASA is a leading Nordic insurance group listed on the Oslo Stock Exchange, employing approximately 4,700 full-time employees. The company offers insurance products in Norway, Denmark, Sweden, and the Baltic states, and provides pension and savings solutions in Norway. In 2024, the Group’s insurance revenue was NOK 39 billion, with total assets amounting to NOK 171 billion.
Average Trading Volume: 303,948
Current Market Cap: NOK138B
For a thorough assessment of 0OJC stock, go to TipRanks’ Stock Analysis page.