Van Lanschot Kempen successfully launched and priced €100 million of Additional Tier 1 notes
On 22 January 2024, Van Lanschot Kempen successfully launched and priced €100 million of Additional Tier 1 (AT1) notes in PerpNC5.7 format with a 8.875% fixed coupon. The notes with ISIN XS2746119952 will be listed on Euronext Amsterdam. The deal was oversubscribed and placed with a broad range of European institutional investors.
Van Lanschot Kempen mandated Morgan Stanley as sole lead manager for this transaction.
The settlement of these notes is expected to take place on Monday 29 January 2024. Subject to the completion of settlement of these notes, Van Lanschot Kempen intends to call its outstanding AT1 notes with ISIN XS1892756682, which has a first call date of 1 April 2024.