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Achmea perps

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pukka 11 september 2019 09:22

quote:
Stapelaar schreef op 11 september 2019 09:07:
Ik vermoed dat Achmea investment banken heeft gepolst over evt uitgifte van een nieuwe hybride lening. Met zo'n gegeven zijn wat partijen kennelijk aan de haal gegaan met als gevolg een sneeuwbaleffect. Achmea komt nu met dit bericht:
Statement following recent volatility of financial instruments

Due to recent volatility in the pricing of our outstanding capital instruments, and possible questions related to these movements, we issue the following statement:

Achmea B.V. continuously monitors market conditions to further optimise its capital structure. One of the possibilities for such an optimisation can be the issuance of perpetual subordinated notes. However, such an issuance depends on various factors, including market conditions. Should Achmea B.V. decide to issue financial instruments, it will be communicated to the market through our regular corporate communication channels, among which Bloomberg. Information regarding currently outstanding instruments, such as exercising possible call options on outstanding capital instruments, will be published in a similar manner.

In case of questions, please contact our Investor Relations team.

Eigenlijk zeggen ze hier slechts dat alle opties open staan, dus waar rook is is vuur of toch niet?
We weten het pas echt of er een call komt over ruim twee weken.

Zouden dit soort beslissingen echt ad hoc zijn? Die 6% is al meer dan een maand callable. Aan de bied te zien groeit er weer wat vertrouwen dat ie door loopt. Er is zelfs een millionair (op 101,60) wakker geworden LOL.

ONN 11 september 2019 09:30

Die call komt gewoon. Maar zal dan achteraf wel voorkennis geweest zijn. Tsss...

pukka 11 september 2019 09:51

quote:
ONN schreef op 11 september 2019 09:30:
Die call komt gewoon. Maar zal dan achteraf wel voorkennis geweest zijn. Tsss...

Misschien beter het geld de casino perp steken. Die begint hot te worden....

Biobert 11 september 2019 13:45

quote:
Cootje schreef op 11 september 2019 07:31:
Biobert waar heb jij hem gekocht en kan je mij ISIN nummer melden svp

Gekocht via Rabo Direct Beleggen. Het ISIN nummer is : XS 1886 4788 06

Cootje 11 september 2019 22:24

Thanks ik ga kijken

leisele 12 september 2019 10:17

Van Bondboard.de forum:
Der letzte Satz des Artikels vom 9.9.2019 wurde sicher von einigen Anlegern dahingehend interpretiert, dass neue Anleihen begeben werden sollen, die ausstehende Anleihen ablösen.:
"We expect that Achmea will use the proceeds of the RT1 and tier 2 notes for the group's general corporate purposes, which may include the refinancing of outstanding debt.

Dutch Insurance Holdco Achmea B.V. Notes Assigned 'BBB-' And 'BB+' Ratings

Achmea B.V. is issuing perpetual subordinated notes that will be eligible as restricted tier 1 (RT1) capital under the EU's Solvency II regulations. At the same time, the company is issuing dated junior subordinated notes.
We are assigning our 'BB+' issue rating to the RT1 notes and our 'BBB-' issue rating to the junior subordinated notes.
We expect to classify both notes as having intermediate equity content.
FRANKFURT (S&P Global Ratings) Sept. 9, 2019--S&P Global Ratings today assigned its 'BB+' long-term issue rating to the RT1 notes and its 'BBB-' long-term issue rating to the callable junior subordinated notes to be issued by Dutch insurance holding company Achmea B.V. (BBB+/Stable/--). Both issue ratings are subject to our receipt and review of the notes' final terms and conditions.
The rating on the RT1 notes is three notches below the long-term issuer credit rating (ICR) on Achmea B.V., since we deduct from the ICR:
One notch to reflect the notes' subordination to the company's senior bonds;
One notch to reflect the risk of a potential temporary write-down of principal; and
One notch to reflect the notes' mandatory and unconditional optional interest-cancellation features.
The payment risk is in line with other hybrid instruments, because we believe the Achmea group's solvency capital requirement (SCR) coverage compares favorably with that of other insurance companies--we expect that it will remain above 190% over the next two years. Consequently, we consider the possibility of mandatory interest deferral to be more remote.
Our rating analysis and equity content assessment take into account our understanding that:
The noteholders are subordinated to senior creditors.
The issuer has unconditional discretion to cancel interest payments.
Interest cancellation is mandatory under certain circumstances, including if the solvency condition is not met; or if, under Solvency II, Achmea's capital resources (own funds) are insufficient to meet either the SCR or the minimum capital requirement; or upon insufficient distributable items.
The notes will be eligible as RT1 capital under Solvency II.
We understand that the RT1 notes are perpetual, but are callable at par after at least 10 years and every six months thereafter. The notes carry a fixed interest rate that will be reset on the first call date and on every five years thereafter. There is no step-up in the coupon rate if the notes are not called on the first call date. Achmea has the option to redeem the notes at par before the first call date under specific circumstances, such as for changes in tax, regulatory, or rating agency treatment. After any such early redemption, the notes must be replaced by an instrument of at least the same quality.
We rate the proposed long- term fixed-to-reset dated tier 2 notes two notches below the ICR based on our understanding that the noteholders will be subordinated to more senior creditors, coupons can be deferred, and our understanding of a remote payment risk following the stable solvency ratio. There is a step-up of 100 basis points in the coupon rate if the notes are not called on the first call date.
We take into account that Achmea has the option to defer interest if, during the previous six-month period, no dividend on any class of shares, or coupon payment on any junior or parity securities, has been declared. We understand that mandatory interest deferral applies if regulatory capital requirements or the solvency conditions of Achmea are breached, or if the regulator considers the regulatory capital ratio at risk.
We expect to classify both notes as having intermediate equity content, subject to our receipt and review of the final terms and conditions. Hybrid capital instruments with intermediate equity content can comprise up to 25% of total adjusted capital (TAC), which is the basis of our analysis of insurance companies' consolidated risk-based capital. Inclusion in TAC is also subject to the notes being eligible for regulatory solvency, regarding the amount, terms, and conditions.
We expect that Achmea will use the proceeds of the RT1 and tier 2 notes for the group's general corporate purposes, which may include the refinancing of outstanding debt.

Market Observer 12 september 2019 11:50

Biobert met het opgegeven nummer komt de Aegon niet te voorschijn. Klopt het nummer ?

ONN 12 september 2019 12:20

www.google.nl/search?source=hp&ei...

Niet te koop bij Binck i.i.g.

ONN 12 september 2019 12:51

nieuws.achmea.nl/achmea-beoogt-uitgif...

Biobert 12 september 2019 12:57

quote:
Market Observer schreef op 12 september 2019 11:50:
Biobert met het opgegeven nummer komt de Aegon niet te voorschijn. Klopt het nummer ?

Het nummer klopt, dat ben ik nog even nagegaan. De obligatie is genoteerd op Euronext Dublin en via Rabobank aan te kopen. Via de volgende link kun je de bied en laat koers zien.

www.finanzen.nl/obligaties/aegon_nveo...

Veel succes.

Kwast 12 september 2019 14:50

Ik heb de laatste eruit gedaan.
Had gelukkig vorige maand het merendeel al verkocht.
Nu zoeken naar alternatieven; blijft moeilijk in deze tijden van lage rente.
Moeilijk ook om meer te genereren dan dat die belachelijke box3 kost.

Biobert 12 september 2019 16:33

quote:
Cosy schreef op 12 september 2019 14:50:
Ik heb de laatste eruit gedaan.
Had gelukkig vorige maand het merendeel al verkocht.
Nu zoeken naar alternatieven; blijft moeilijk in deze tijden van lage rente.
Moeilijk ook om meer te genereren dan dat die belachelijke box3 kost.

Alternatief: zie mijn bovenstaande suggestie

Kwast 12 september 2019 17:40

Helaas.....niet te koop bij mijn broker.
Ik zoek verder.

ONN 13 september 2019 11:29

quote:
Cosy schreef op 12 september 2019 14:50:
Ik heb de laatste eruit gedaan.
Had gelukkig vorige maand het merendeel al verkocht.
Nu zoeken naar alternatieven; blijft moeilijk in deze tijden van lage rente.
Moeilijk ook om meer te genereren dan dat die belachelijke box3 kost.

Misschien heb je ze al, de NIBC (minimum coupon 2.85%) en de Deutsche Postbank (minimum coupon 3.75%).

Kwast 13 september 2019 12:26

Inderdaad ONN.
Maar bedankt voor de suggestie.

leisele 23 september 2019 13:45

Van Bondboad.de
Europe/Amsterdam

Achmea prices dual-tranche of in total ?750 million

Today Achmea has successfully priced a dual-tranche issuance of ?500 million perpetual Restricted Tier 1 notes (the RT1 Notes) and ?250 million Tier 2 notes with a 20 year maturity (the Tier 2 Notes). The transaction was well received in the capital markets. More than 100 investors participated in the new dual-tranche issuance, which attracted more than ?1,1 billion of demand and was placed primarily with institutional investors across the United Kingdom and Continental Europe. The proceeds of these transactions will be used for general corporate purposes of the Achmea Group which may include, without limitation, the refinancing of existing debt and share buybacks.
Michel Lamie, member of the Executive Board / CFO: ?Today?s successful placement is a good example of Achmea?s proactive approach to capital markets. We are proud that the combined issuance of the new RT1 and Tier 2 has been well oversubscribed and was placed at favourable interest rates and market conditions. The dual-tranche will result in a reduction of average interest expenses and optimisation of our capital structure. We thank our investors for their trust in Achmea and our activities.?
The RT1 Notes can be called for the first time in March 2029 and every 6 months thereafter. They were priced at par with a coupon of 4.625%.
The Tier 2 Notes can be called for the first time in June 2029 and every year thereafter. They were priced at 265 basis points above mid-swaps with a coupon of 2.5%.
The RT1 Notes are expected to be rated BB+ by S&P and BBB- by Fitch. The Tier 2 Notes are expected to be rated BBB- by S&P and BBB by Fitch. These notes are placed by a syndicate of banks comprising Deutsche Bank, HSBC, Barclays, BNP Paribas, NatWest Markets, Rabobank and Unicredit.
Achmea has submitted an application to Euronext Dublin for the RT1 Notes and the Tier 2 Notes to be admitted to the Official List on or about the 24th of September 2019.

Biobert 24 september 2019 21:57

quote:
leisele schreef op 23 september 2019 13:45:
Van Bondboad.de
Europe/Amsterdam

Achmea prices dual-tranche of in total ?750 million

Today Achmea has successfully priced a dual-tranche issuance of ?500 million perpetual Restricted Tier 1 notes (the RT1 Notes) and ?250 million Tier 2 notes with a 20 year maturity (the Tier 2 Notes). The transaction was well received in the capital markets. More than 100 investors participated in the new dual-tranche issuance, which attracted more than ?1,1 billion of demand and was placed primarily with institutional investors across the United Kingdom and Continental Europe. The proceeds of these transactions will be used for general corporate purposes of the Achmea Group which may include, without limitation, the refinancing of existing debt and share buybacks.
Michel Lamie, member of the Executive Board / CFO: ?Today?s successful placement is a good example of Achmea?s proactive approach to capital markets. We are proud that the combined issuance of the new RT1 and Tier 2 has been well oversubscribed and was placed at favourable interest rates and market conditions. The dual-tranche will result in a reduction of average interest expenses and optimisation of our capital structure. We thank our investors for their trust in Achmea and our activities.?
The RT1 Notes can be called for the first time in March 2029 and every 6 months thereafter. They were priced at par with a coupon of 4.625%.
The Tier 2 Notes can be called for the first time in June 2029 and every year thereafter. They were priced at 265 basis points above mid-swaps with a coupon of 2.5%.
The RT1 Notes are expected to be rated BB+ by S&P and BBB- by Fitch. The Tier 2 Notes are expected to be rated BBB- by S&P and BBB by Fitch. These notes are placed by a syndicate of banks comprising Deutsche Bank, HSBC, Barclays, BNP Paribas, NatWest Markets, Rabobank and Unicredit.
Achmea has submitted an application to Euronext Dublin for the RT1 Notes and the Tier 2 Notes to be admitted to the Official List on or about the 24th of September 2019.

Biobert 24 september 2019 21:58

Heeft iemand de link naar de webpagina van Euronext Dublin waar ik de koers van bovengenoemde Notes van Achmea kan volgen?

ONN 25 september 2019 08:50

En daar is ie hoor:

Bijlage:

Kwast 25 september 2019 12:58

Tja, de zoveelste perp die afgelost wordt....

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