Utrecht,
09
June
2022
|
08:30
Europe/Amsterdam
De Volksbank issues € 300 million of green Additional Tier 1 notes
Summary
On 8 June 2022, de Volksbank issued its first Additional Tier 1 (AT1) notes. The Perpetual Callable AT1 notes amount to € 300 million and have a coupon rate of 7.00% up to the first reset date on 15 December 2027.
The issuance of AT1 notes contributes to the improvement of de Volksbank’s capital structure, and strengthens the leverage ratio and MREL position.
The notes were issued under de Volksbank’s Green Bond Framework 2021, which is aligned with the EU Taxonomy. For more information on our Green Bond Framework, please refer to our website.
The green AT1 notes will be listed on the Luxembourg Stock Exchange.
Facts of the issue:
| Issue size | € 300 million |
| ISIN | XS2454874285 |
| Issue price | 100% |
| Coupon | 7.00% (first reset date: 15 December 2027) |
| Settlement date | 15 June 2022 |
| Format | Optional redemption date: 15 June 2027 |
| Expected ratings | Ba1 (Moody’s) |
