ABN AMRO successfully launches a EUR 1 billion AT1 benchmark transaction
- Investor Relations
Jeroen van Maarschalkerweerd
Head of Media Relations & PA
Not for release, publication or distribution, in whole or in part, in or into or from Japan, Australia or any other jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.
Today, ABN AMRO Bank has successfully launched a EUR 1 billion benchmark transaction of deeply subordinated securities that qualify as Additional Tier 1 capital under CRR.
This inaugural transaction was launched following a roadshow in London, Frankfurt, Paris and Amsterdam. The Perpetual Additional Tier 1 Capital Securities have a temporary write-down loss absorption mechanism, a semi-annual discretionary non-cumulative coupon of 5.75% and are callable at year 5.
This transaction further optimises the capital structure and builds out the buffer of loss absorbing instruments: on a fully loaded and pro forma basis, the Tier 1 ratio reported at Q2 2015 will increase from 14.0% to 14.9% and the leverage ratio will increase from 3.1% to 3.3%.
This press release shall not constitute an offer to purchase or the solicitation of an offer to purchase, nor shall there be any 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 qualification under the relevant securities laws of any such jurisdiction.