Brief: ASR Nederland To Issue Tender Offer For Existing Subordinated Notes
26/03/2025 08:35
March 26 (Reuters) - ASR Nederland NV ASRNL.AS: INTENTION TO ISSUE BENCHMARK SUBORDINATED RESTRICTED TIER 1 CAPITAL SECURITIES AND TENDER OFFER FOR EXISTING SUBORDINATED NOTES DESCRIPTION OF NOTES: EUR 500,000,000 FIXED TO FIXED RATE SUBORDINATED NOTES DUE 2045 SETTLEMENT DATE EXPECTED TO BE ON OR AROUND 4 APRIL 2025 CURRENT COUPON: 5.125 PER CENT PURCHASE PRICE: 101.20 PER CENT OF NOMINAL AMOUNT OF NOTES ACCEPTED FOR PURCHASE PURPOSE OF OFFER AND PLANNED ISSUANCE OF NEW SECURITIES IS, AMONGST OTHER THINGS, TO PROACTIVELY MANAGE A.S.R.'S EXPECTED REDEMPTION PROFILE OFFER COMMENCES TODAY AND EXPIRATION DEADLINE SHALL BE 5.00 P.M. CEST ON 2 APRIL 2025 Source text: ID:nNDL9Q9Y14 Further company coverage: ASRNL.AS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 587 785 110;))
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