Chicago, Nov. 22 – Argenta Spaarbank SA/NV priced €500 million of 5.375% five-year green senior non-preferred notes (BBB) on Tuesday, according to a market source.
The notes are callable at par on Nov. 29, 2026.
On the call date, or reset date, the company will reset to the one-year mid-swap rate plus the 275 basis points reoffer spread. Initial price talk was in the mid-swaps plus 300 bps area.
ABN Amro, BNP Paribas, ING and Morgan Stanley are bookrunners for the Regulation S transaction.
ING is the sole green bond structuring adviser.
Proceeds will be used to finance or refinance new or existing green loans.
The financial services company is based in Belgium and the Netherlands.
| Issuer: | Argenta Spaarbank SA/NV
|
| Amount: | €500 million
|
| Issue: | Green senior non-preferred notes
|
| Maturity: | Nov. 29, 2027
|
| Bookrunners: | ABN Amro (billing and delivery), BNP Paribas, ING and Morgan Stanley
|
| Green adviser: | ING
|
| Coupon: | 5.375%
|
| Price: | 99.572
|
| Yield: | 5.497%
|
| Spread: | Mid-swaps plus 275 bps
|
| Call features: | At par on Nov. 29, 2026
|
| Trade date: | Nov. 22
|
| Settlement date: | Nov. 29
|
| Ratings: | S&P: BBB
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 300 bps area
|
| Marketing: | Investor meeting
|
| ISIN: | BE6339428904
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
