By Rebecca Melvin
Concord, N.H., Feb. 1 – Argenta Spaarbank SA/NV priced €600 million 1 3/8% seven-year green senior non-preferred notes (expected rating: BBB) at 99.88 to yield 1.396% or mid-swaps plus 110 basis points, according to a market source on Tuesday.
The notes are non-callable for six years.
ABN Amro, BNP Paribas, ING and Morgan Stanley are bookrunners of the Regulation S deal. ING is the green bond structuring adviser.
A listing on the Luxembourg exchange is expected.
The financial services company is based in Belgium and the Netherlands.
| Issuer: | Argenta Spaarbank SA/NV
|
| Issue: | Green senior non-preferred notes
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| Amount: | €600 million
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| Maturity: | Feb. 8, 2029
|
| Managers: | ABN Amro, BNP Paribas, ING and Morgan Stanley
|
| Coupon: | 1 3/8%
|
| Price: | 99.88
|
| Yield: | 1.396%
|
| Spread: | Mid-swaps plus 110 bps
|
| Call option: | At par on Feb. 8, 2028
|
| Pricing date: | Feb. 1
|
| Settlement: | Feb. 8
|
| Rating: | S&P: BBB
|
| Distribution: | Regulation S
|
| ISIN: | BE6333133039
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