In 2004 and 2005, Van Lanschot issued Perpetual Capital Securities for an amount of € 165 and € 150 million respectively.
In October 2011 Van Lanschot has made a combined exchange and tender offer for these outstanding securities. Holders of the 2004 Perpetual Capital Securities could opt for a cash offer of 75% or for an exchange into a new senior unsecured bond (ISIN NL0009706340). Holders of the 2005 Van Lanschot Perpetual Capital Securities could opt for a cash offer of 82.5%.
Following this combined transaction the outstanding 2004 and 2005 perpetual capital securities amounted to € 8 million and € 27 million
The 2004 Perpetual Capital Securities, with ISIN NL0000116374, have been repaid in October 2014. The 2005 Perpetual Capital Securities, with ISIN NL0000117745, have been repaid in December 2015.