IFLR1000

SNS Bank €500 million 3.75% Tier 2 bond issue

30/10/2015
Investment grade bond/note issue
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€ 500 million

$ 550 million

Completed

30/10/2015

Overview:

  • SNS Bank has issued €500 million in Tier 2 bonds.
  • The 3.75% bonds, due November 2025, are listed on the Luxembourg Stock Exchange.
  • Deutsche Bank, Goldman Sachs International, ING, JPMorgan Securities and UBS were the joint lead managers.

Wai Yee Tsang - Journalist

Jurisdiction:

Netherlands

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Netherlands

Industry sector:

Banking

Firm:
Clifford Chance

Party: Goldman Sachs International (Manager)

Party: ING Bank (Joint lead manager)

Party: JP Morgan Securities (Joint lead manager)

Party: UBS (Joint lead manager)

Party: Deutsche Bank (Joint lead manager)

Party: SNS Bank (Issuer)

Lawyer: Jurgen van der Meer

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