ABN AMRO successfully issued EUR 1 billion of Additional Tier 1 Capital
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Today, ABN AMRO Bank has successfully issued and priced EUR 1 billion of deeply subordinated securities that qualify as Additional Tier 1 capital under CRR. With investor demand reaching EUR 10 billion, ABN AMRO was able to benefit from favourable market conditions and set the coupon at 4 3/8%
The Perpetual Additional Tier 1 Capital Securities have a temporary write-down loss absorption mechanism, a semi-annual discretionary non-cumulative coupon and are callable in 2025.
The final version of the Registration Document and Offering Circular will be available on the ABN AMRO website.
This press release shall not constitute an offer to purchase or the solicitation of an offer to purchase, nor shall there be any offer or sale of these Additional Tier 1 Capital Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or compliance with any other requirement under the relevant securities laws of any such jurisdiction.