This is a.s.r.'s inaugural Restricted Tier 1 and furthermore represents the first issue of a Restricted Tier 1 instrument in Euros within the European insurance sector.

The securities are expected to be rated BB by S&P and will feature loss absorption in the form of equity conversion linked to compliance with a.s.r.'s regulatory capital requirement.

a.s.r. has mandated HSBC as Sole Structuring Adviser, Deutsche Bank, HSBC and UBS Investment Bank as Joint Lead Managers, and ABN AMRO as Joint Lead Manager (no books), to the transaction.

Chris Figee, CFO: 'a.s.r. is committed to responsible financial management focusing on the level and composition of its capital base. a.s.r. has decided to launch the transaction as part of its proactive approach to capital management and from a robust solvency position. We are proud to announce this deal as the first Euro denominated Restricted Tier 1 in the market and believe this transaction further demonstrates the financial flexibility and long term orientation of our company.'

This press release shall not constitute an offer to purchase or the solicitation of an offer to purchase, nor shall there be any sale of Restricted Tier 1 securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the relevant securities laws of any such jurisdiction.

ASR Nederland NV published this content on 05 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 05 October 2017 08:04:04 UTC.

Original documenthttp://newsroom.asrnederland.nl/en/asr-announces-plans-to-issue-an-inaugural-restricted-tier-1-capital-instrument/

Public permalinkhttp://www.publicnow.com/view/98CF27DDAA12B9BA42499231BC9B0270EB4F3725