By Rebecca Melvin
Concord, N.H., May 12 – Athora Netherlands NV, formerly known as Vivat NV, priced €300 million 2.25% subordinated tier 2 notes due July 15, 2031 (//BB) at 99.907, according to a London Stock Exchange notice.
The notes are non-callable for 5.25 years.
Barclays, HSBC and NatWest Markets are bookrunners of the deal.
The new notes will replace €250 million of subordinated debt issued by Athora Netherlands’ subsidiary, Srlev NV, that was expected to be called.
The insurance products and services provider is based in Amstelveen, Netherlands.
| Issuer: | Athora Netherlands NV
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| Issue: | Tier 2 subordinated notes
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| Amount: | €300 million
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| Maturity: | July 15, 2031
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| Bookrunners: | Barclays, HSBC and NatWest Markets
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| Coupon: | 2.25%
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| Price: | 99.907
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| Calls: | Non-callable for 5.25 years
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| Announcement date: | May 12
|
| Rating: | Fitch: BB
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