By Andrea Heisinger
New York, Oct. 26 - Achmea Hypotheekbank NV sold $3.25 billion of notes (Aaa/AAA/AAA) in two tranches late on Monday, a syndicate source close to the deal said.
A $2.75 billion tranche of 3.2% five-year notes priced at 99.95 to yield 3.211% with a spread of mid-swaps plus 35 basis points. The notes were talked at the same spread.
The $500 million tranche of five-year floating-rate notes priced at par to yield three-month Libor plus 35 bps. This tranche also priced in line with guidance.
The deal is guaranteed by the government of the Netherlands.
Bookrunners were Citigroup Global Markets, Deutsche Bank Securities, Morgan Stanley, Rabobank and RBS Securities.
The banking subsidiary of Achmea Holding NV is based in Zeist, the Netherlands.
| Issuer: | Achmea Hypotheekbank NV
|
| Guarantor: | Government of the Netherlands
|
| Issue: | Notes
|
| Total amount: | $3.25 billion
|
| Bookrunners: | Citigroup Global Markets, Deutsche Bank Securities, Morgan Stanley, Rabobank, RBS Securities
|
| Trade date: | Oct. 26
|
| Settlement date: | Nov. 3
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
|
|
| Five-year notes
|
| Amount: | $2.75 billion
|
| Maturity: | 2014
|
| Coupon: | 3.2%
|
| Price: | 99.95
|
| Yield: | 3.211%
|
| Spread: | Mid-swaps plus 35 bps
|
| Price talk: | Mid-swaps plus 35 bps
|
|
|
| Five-year floaters
|
| Amount: | $500 million
|
| Maturity: | 2014
|
| Coupon: | Three-month Libor plus 35 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 35 bps
|
| Price talk: | Libor plus 35 bps
|
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