Achmea BV (VRACH)

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C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	VRACH	Achmea BV	€300		1	EMEA	Jun 19, 2023

Tranche #1Achmea BV

currency

EUR

size (m)

300.000

maturity

Dec 26, 2043

type

Fixed

tenor

20.500

call

registration

Reg S Only

benchmark

Swaps

ranking

Subordinated

moody's

s&p

BBB-

fitch

BBB

size description

re-open/tap

ipt

MS+400 a

ipt-pxd

guidance

MS+380 a

spread

370

coupon

6.75%

spread set

price

99.71600

yield

6.796%

book size (m)

1,100

peak book (m)

x-covered

3.67

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

1,100

peak book (m)

x-covered

3.67

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

20.5 yr: Book size: 1100; Redemption: 2033-06-26; Registration: Reg S Only; Comments: EUR300m WNG 20.5NC10.5 sub RegS Tier 2. NR/BBB-/BBB. Barc/BNPP/DB(B&D)/HSBC/ING. IPTs MS+400 area, guidance MS+380 (+/-5), launch MS+370. Final books ~1.1bn at reoffer (peak 1.25bn+). DBR 2.3% 33 / 98.20 / HR 87%, B+ 428.5. FTT: 3:30pm. Reset Date: 2033-12-26. Tax Call: Yes. Cleanup Call: Yes. MWC: Yes at any time from fifth anniversary (B+50). LEI: 7245007QUMI1FHIQV531;

Deal Comments

Tier 2

Use of Proceeds

General Corporate Purposes

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Achmea BV (VRACH)

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