SNS REAAL Groep N.V.
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Publicatie datum
20 nov 2009 - 14:35
Statutaire naam
SNS REAAL Groep N.V.
Titel
Acceptance & results of exchange offer
Bericht
The press release entitled “acceptance & results of exchange offer” distributed earlier today
inadvertently did not contain certain relevant legal disclaimer language. It is therefore replaced
by this press release.
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY TO ANY UNITED STATES OR
ITALIAN PERSON OR TO ANY PERSON RESIDENT AND/OR LOCATED IN THE UNITED
STATES OR THE REPUBLIC OF ITALY OR ANY OTHER JURISDICTION IN WHICH OFFERS
WOULD BE PROHIBITED BY APPLICABLE LAW (SEE "OFFER RESTRICTIONS" BELOW)
The Netherlands, Utrecht, 20 November 2009
SNS Bank N.V.
ANNOUNCES
ACCEPTANCE & RESULTS OF EXCHANGE OFFER
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,
Datum laatste update: 20 december 2025