Achmea successfully issues €750 million senior bond
Achmea B.V. has successfully issued €750 million Senior Unsecured Notes (the “Notes”). The bond has a maturity of 7 years (maturity date: 26 May 2027) and will be used for the redemption of the 2.5% €750 million Senior Unsecured bond maturing in November 2020.
The Notes have been priced at 185 basis points above 7 year mid-swaps with a coupon of 1.5%. The bond are expected to be rated BBB+ by S&P and A- by Fitch and will be listed on Euronext Dublin. The bond has been placed by a syndicate comprised of the following banks: HSBC, MUFG, Société Générale, NatWest Markets, ING and ABN Amro.
Michel Lamie, member of the Executive Board and Chief Financial Officer of Achmea: “The transaction has been well-received and was oversubscribed more than 2 times. More than 100 investors participated in the issuance. This is once again a sign that investors have faith in Achmea.”