a.s.r. issues € 600 million inaugural green senior bond

6 december 2023

ASR Nederland N.V. (a.s.r.) successfully launched and priced a € 600 million green senior debt instrument. The green senior bond has a maturity of 5 years. The bond was priced at 100 basis points over 5 year mid-swap rate, with a fixed rated coupon of 3.625%. The green senior bond offering is the inaugural issuance under the a.s.r. Green Finance Framework.

The final orders totalled more than € 5.2 billion with participation of more than 250 investors, demonstrating the widespread support for a.s.r. from institutional fixed-income investors across Europe.

Ewout Hollegien, CFO at a.s.r.: ‘This green bond issuance is an important step in the fulfilment of our sustainability ambitions as an insurer and investor and underlines a.s.r.’s efforts to play a significant role in making the society and environment more sustainable. The successful placement demonstrates a.s.r.’s ability to raise funding in a diligent and efficient manner and enhances its track record across various instruments. We are very pleased to attract a strong demand for our inaugural green bond from a large number of investors.’

The green senior bond is rated BBB+ by S&P and will be listed on the Euronext Dublin as per 12 December 2023. The bond has been placed by a syndicate of banks, consisting of ABN AMRO, Barclays, BNP Paribas, Goldman Sachs Bank Europe SE and HSBC.

Source: a.s.r.
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