05:41 AM EST, 11/09/2026 (MT Newswires) -- Alm. Brand (ALMB.CO) launched a cash tender offer to repurchase its outstanding 400 million Danish kroner in perpetual restricted tier 1 capital notes. The Danish insurer aims to buy back the notes at 100.75% of their nominal amount, plus any accrued and unpaid interest. The offer expires on Wednesday, with settlement expected on Nov. 18. The tender offer is subject to the issuance of new perpetual restricted tier 1 capital notes with a target maturity of 5.25 years.

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