Tender offer class A and class B notes issued by Shield I BV

Press release -

Yesterday Standard & Poor's Rating Services, a division of The McGraw Hill Companies, Inc. ("S&P") placed the Shield I Class A Notes and Shield I Class B Notes on CreditWatch negative following an update of its criteria for assessing counterparty and supporting obligations published on 6 December 2010.

Shield I B.V. is a synthetic securitisation transaction that is envisaged to be terminated on the scheduled redemption date 20 January 2012. Fitch Ratings Ltd and Moody's Investors Service Limited continue to rate Shield I Class A Notes AAA/Aaa and the Shield I Class B Notes AA/Aa2, respectively.

By means of this Tender Offer ABN AMRO Bank N.V. provides an exit opportunity for the noteholders of the Shield I Class A Notes and Shield I Class B Notes following such notice by S&P by offering to purchase the Notes.



Read more about

Join the discussion

ABN AMRO would like to know your opinion, so below this article you can react to this article via Disqus. By doing so, you agree to the conditions for reacting to articles on our website.