Achmea intends to issue dual-tranche transaction
Achmea B.V. has issued the following statement on Bloomberg:
Achmea B.V. has mandated Deutsche Bank as Structuring Advisor, Deutsche Bank and HSBC as Joint Global Coordinators and Barclays, BNP Paribas, Deutsche Bank, HSBC, NatWest Markets, Rabobank and UniCredit as Joint Lead Managers to arrange a series of fixed income investor meetings in Europe, commencing Monday 16 September 2019. A dual tranche EUR perpetual non-call 10yr Restricted Tier 1 and EUR 20yr non-call 10yr Tier 2 transaction, both in RegS bearer format, will follow, subject to market conditions. The Restricted Tier 1 securities are expected to be rated BB+/BBB- (S&P/F) and will feature a principal loss absorption in the form of temporary write down linked to the Issuer’s regulatory capital requirement. The Tier 2 securities are expected to be rated BBB-/BBB (S&P/F). FCA/ICMA stabilisation applies.
Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPS key information document (KID) has been prepared as this offering is not available to retail in EEA.
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