ABN AMRO issued EUR 1.0 billion of Additional Tier 1 Capital
September 27 2017 - 11:35AM
Not for release, publication or
distribution, in whole or in part, in or into or from US, Japan,
Australia or any other jurisdiction where to do so would constitute
a violation of the relevant laws or regulations of such
jurisdiction.
ABN AMRO issued EUR 1.0 billion
of Additional Tier 1 Capital
Today, ABN AMRO Bank has issued EUR 1.0 billion of
deeply subordinated securities that qualify as Additional Tier 1
capital under CRR.
The Perpetual Additional Tier 1 Capital Securities
have a temporary write-down loss absorption mechanism, a
semi-annual discretionary non-cumulative coupon and are callable at
year 10. With a coupon of 4.75% ABN AMRO was able to take advantage
of favourable market conditions.
This transaction improves the leverage ratio,
further optimises capital structure and strengthens the buffer of
loss absorbing instruments. On a fully loaded and pro forma basis,
the Q2 2017 leverage ratio would increase to 4.1% (from 3.9%) and
now exceeds the 4% originally targeted by year-end 2018. The pro
forma Q2 2017 Tier 1 ratio would increase to 19.5% (from
18.6%).
The AT1 prospectus will become available on the
ABN AMRO website.
This press release shall not constitute an offer
to purchase or the solicitation of an offer to purchase, nor shall
there be any offer or sale of these Additional Tier 1 Capital
Securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or compliance with any
other requirement under the relevant securities laws of any such
jurisdiction.
ABN AMRO Press Office
ABN AMRO Investor Relations
Jeroen van Maarschalkerweerd
Dies
Donker
Press Officer, Press & PR
Head of Investor Relations
pressrelations@nl.abnamro.com
investorrelations@nl.abnamro.com
+31 20 6288900
+31 20
6282282
ABN AMRO issued EUR 1.0 billion of
Additional Tier 1 Capital
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ABN AMRO via Globenewswire
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