ABN AMRO BANK N.V. announces minimum new issue spreads for exchange offers

Press release -

Further to its announcement dated 13 April 2011, ABN AMRO Bank N.V. (the Issuer) today announces the Minimum New Issue Spreads for its invitation to holders (subject to the offer restrictions referred to below) of its outstanding Lower Tier 2 notes listed below (the Existing Notes) to offer to exchange any and all of the Existing Notes for Euro Denominated Subordinated Notes due 2021 (the New Euro Notes) in the case of the Existing Euro Notes and USD Denominated Subordinated Notes due 2022 (the New Dollar Notes and together with the New Euro Notes, the New Notes), in the case of the Existing Dollar Notes (each an Exchange Offer and together, the Exchange Offers), each to be issued by the Issuer under its Programme for the Issuance of Medium Term Notes.

The Minimum New Issue Spreads, which will be used to calculate the New Issue Prices and the New Issue Coupons as described in the Exchange Offer Memorandum, have been set at 280 bps and 295 bps for the New Euro Notes and New Dollar Notes, to be added to the Euro Mid-Swap Rate and Dollar Benchmark Security Rate, respectively.



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