FRANKFURT - Achmea Bank N.V. has successfully issued EUR 500 million in green senior preferred notes, with a maturity date set for December 10, 2027, and an interest rate of 2.75%. Deutsche Bank AG (NYSE:DB), acting as part of the syndicate of stabilizing managers, announced on Tuesday that no stabilization activities were required post-issuance.
The securities, identified by ISIN code XS2958382645, were issued at a price of 99.867% and feature a spread over the benchmark OBL 1.3 10/27 of +94.30 basis points. The syndicate of stabilizing managers, in addition to Deutsche Bank (ETR:DBKGn), included DZ BANK, ING, LBBW, Rabobank, and Santander (BME:SAN).
This green bond issuance aligns with the growing trend of financial instruments aimed at supporting environmentally friendly projects. The proceeds are typically earmarked for investments in sustainable development initiatives, although specific details of the projects financed by Achmea Bank’s green bond were not disclosed in the press release.
The announcement clarified that the securities have not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold in the United States absent registration or an exemption from registration. Consequently, there has not been and will not be a public offer of the securities in the United States.
The completion of this green bond issuance by Achmea Bank N.V. contributes to the broader financial market’s efforts to address climate change and promote sustainability through investment products. It reflects a continued interest among investors in supporting green initiatives.
The information regarding this financial event is based on a press release statement and is intended for informational purposes only, without constituting an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities.
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