On 8 October 2012, Van Lanschot issued 500 million of senior unsecured bonds, attracting exceptionally high interest from institutional investors.
The bonds have a 4-year term (maturing on 17 October 2016), were priced at 225 basis points above the 4-year mid-swap rate and have a coupon of 2.875%. This transaction forms part of Van Lanschot's general funding activities.
The transaction further improves the bank's balanced funding profile. The bonds were issued to an extremely broad group of European institutional investors, including in Germany, Austria, France, the UK and the Benelux. Van Lanschot has a consistently strong funding ratio, which stood at over 85% at 30 June 2012.
Constant Korthout, CFO/CRO of Van Lanschot: "The interest from institutional investors for this transaction was enormous and the order book was very quickly oversubscribed, with a total of around 1.5 billion of orders. The success of this issue, given the nature of the bond and its long maturity, underlines Van Lanschot's strong position."
The bonds are listed on Euronext Amsterdam. The settlement date of the bonds is 17 October 2012.
This press release is for information purposes only and should not be regarded as an opinion or recommendation, offer or invitation concerning the purchase or sale of bonds or other securities issued by Van Lanschot NV or F. van Lanschot Bankiers NV. For the terms and conditions of the notes to be issued, reference is made to the documentation that is made available on Van Lanschot's website, www.vanlanschot.nl, prior to the issue of the notes.
's-Hertogenbosch, the Netherlands, 9 October 2012
Van Lanschot Media Relations: Etienne te Brake, Corporate Communications Manager
Telephone +31 73 548 3026; mobile phone +31 6 12 505 110; e-mail firstname.lastname@example.org
Van Lanschot Investor Relations: Geraldine Bakker-Grier, Investor Relations Manager
Telephone +31 73 548 3350; mobile phone +31 6 13 976 401; e-mail email@example.com
Van Lanschot NV is the holding company of F. van Lanschot Bankiers NV, the oldest independent bank in the Netherlands with a history dating back to 1737. The bank offers high-quality financial services to high net-worth
Individuals, entrepreneurs and their businesses and institutional investors. Van Lanschot NV is listed on Euronext Amsterdam.
The press release can be downloaded from the following link: