Achmea prices green senior bond of €500m

Written by Adam Cadle

20/11/2022

Dutch insurer, Achmea, has printed a €500m green senior bond, the inaugural issuance under its Green Finance Framework (GFF).

The proceeds of the issuance are intended to (in)directly (re)finance green loans and investments, and the bond has a maturity of three years.

The bond has been placed with a 90 basis point spread over the 3-year mid swap rate, against a price of 99.844% with a coupon of 3,625%. It is rated BBB+ by S&P and A- by Fitch. The bond has been placed by a syndicate of banks, consisting of Barclays, HSBC, ING, MUFG, NatWest Markets and Société Générale.

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