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SNS REAAL Groep N.V.

SNS REAAL Groep N.V.

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Publicatie datum 20 nov 2009 - 09:50
Statutaire naam SNS REAAL Groep N.V.
Titel Acceptance & results of exchange offer
Bericht Acceptance & results of exchange offer The Netherlands, Utrecht, 20 November 2009 SNS Bank N.V. (“SNS Bank”) announces the acceptance and results of the offer to exchange (the "Exchange Offer")up to EUR 100,000,000 of the EUR 350,000,000 Fixed/Floating Rate Hybrid Capital Securities issued by SNS REAAL N.V. (the "SNS REAAL Securities") (ISIN: XS0310904155) and any or all of the EUR 200,000,000 Subordinated Fixed changing to Floating Rate Notes issued by SNS Bank (the "SNS Bank Notes, together with SNS REAAL Securities, the Existing Notes") (ISIN: XS0172565482) for new Euro-denominated Tier 1 notes to be issued by SNS Bank (the "New Notes") (ISIN: (XS0468954523). According to information provided by the Exchange Agent as of the Expiration Time on the Expiration Date, EUR 289,353,000 in aggregate principal amount of the SNS REAAL Securities and EUR 189,050,000 in aggregate principal amount of the SNS Bank Notes were validly offered for exchange for New Notes. Subject to the terms and conditions of the Exchange Offer, SNS Bank will accept EUR 100,000,000 in aggregate principal amount of the SNS REAAL Securities and all SNS Bank Notes validly offered. As a result, the SNS REAAL Securities will be accepted on a pro rata basis using a pro rata factor of approximately 0.34809. Pursuant to the Exchange Offer, SNS Bank will issue EUR 220,866,000 in aggregate principal amount of the New Notes. In addition, on the Settlement Date, SNS Bank will issue EUR 99,134,000 in aggregate principal amount of the Additional Notes which will be fungible with the New Notes, taking the aggregate principal amount of New Notes being issued to EUR 320,000,000. On the Settlement Date, SNS Bank will also pay the Accrued Interest on, and any applicable Cash Rounding Amount in respect of the Existing Notes accepted.

Datum laatste update: 10 februari 2025