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ABN AMRO Bank N.V.

ABN AMRO Bank N.V.

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Publicatie datum 15 sep 2015 - 18:22
Statutaire naam ABN AMRO Bank N.V.
Titel ABN AMRO successfully launches a EUR 1 billion AT1 benchmark transaction
Bericht Today, ABN AMRO Bank has successfully launched a EUR 1 billion benchmark transaction of deeply subordinated securities that qualify as Additional Tier 1 capital under CRR. This inaugural transaction was launched following a roadshow in London, Frankfurt, Paris and Amsterdam. The Perpetual Additional Tier 1 Capital Securities have a temporary write-down loss absorption mechanism, a semi-annual discretionary non-cumulative coupon of 5.75% and are callable at year 5. This transaction further optimises the capital structure and builds out the buffer of loss absorbing instruments: on a fully loaded and pro forma basis, the Tier 1 ratio reported at Q2 2015 will increase from 14.0% to 14.9% and the leverage ratio will increase from 3.1% to 3.3%. The AT1 prospectus and the registration document will be available on the ABN AMRO website (https://www.abnamro.com/en/investor-relations/debt-investors/index.html).