Delta Lloyd NV (“Delta Lloyd Group”) successfully placed a first € 575 million Eurobond. The senior unsecured, unsubordinated bonds mature in November 2017.
Delta Lloyd NV (“Delta Lloyd Group”) successfully placed a first €575 million Eurobond. The senior unsecured, unsubordinated bonds mature in November 2017. The transaction was issued under the EMTN programme which was established in October 2010.
The issue price of the bonds is 99.65%, with a maturity of 7 years and a fixed annual coupon of 4.25%. The settlement date has been set at 17 November 2010. The bonds were placed with over a hundred institutional investors, primarily from Europe.
The net proceeds of the issue of the bonds will be used for refinancing Delta Lloyd Group’s working capital. Lead managers were BNP Paribas, Rabobank International and RBS. The bonds will be listed on NYSE Euronext in Amsterdam.
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Notes to editors
About Delta Lloyd Group
Delta Lloyd Group is a financial services provider offering life insurance, general insurance, fund management and banking products and services. Delta Lloyd Group’s target markets are the Netherlands and Belgium. In the Netherlands it mainly operates under the brand names of Delta Lloyd, OHRA and ABN AMRO Insurance, in Belgium under the Delta Lloyd brand. Delta Lloyd Group employs 6,100 permanent staff and is listed on NYSE Euronext Amsterdam.
For more information please contact
Delta Lloyd Group
Media relations +31 (0) 20 594 44 88
Investor relations +31 (0) 20 594 96 93