Norwegian Insurer Gjensidige Forsikring Holds $3.6 Million of Credit Suisse Debt
21 Mars 2023 - 9:27AM
Dow Jones News
By Dominic Chopping
Norwegian insurance group Gjensidige Forsikring ASA said Tuesday
that it holds 38 million Norwegian kroner ($3.6 million) of Credit
Suisse debt, amounting to less than 0.1% of its investment
portfolio, including Credit Suisse AT1 debt of NOK4 million.
The company has no Credit Suisse equity holdings, it added.
Total investments in AT1 debt across all issuers totals NOK136
million, amounting to less than 0.3% of the investment portfolio,
with 74% of its AT1 investments with Nordic issuers and 26% with
European issuers outside of the Nordic countries.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
March 21, 2023 04:12 ET (08:12 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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