Legal DealFolio - SNS Bank Tier 2 Subordinated Notes Issuance

Clifford Chance advised on SNS Bank's first Tier 2 debt issue since its nationalisation in February 2013. On 29 October 2015, SNS Bank successfully placed EUR 500 million subordinated (Tier 2) notes with a wide range of institutional investors. The Tier 2 notes, having a maturity of 10 years, carried a fixed interest coupon of 3.75%, with a one-time call and reset date after five years. SNS Bank mandated Deutsche Bank AG (London Branch), Goldman Sachs International, ING Bank N.V., J.P. Morgan Securities plc and UBS Limited as Joint Lead Managers on the transaction. The notes were listed on the Luxembourg Stock Exchange.

Deal Date:	09-11-2015	Practice Area:	Debt Capital Markets
Deal Title:	SNS Bank Tier 2 Subordinated Notes Issuance	Industry:	Banks
Description:	Clifford Chance advised on SNS Bank's first Tier 2 debt issue since its nationalisation in February 2013. On 29 October 2015, SNS Bank successfully placed EUR 500 million subordinated (Tier 2) notes with a wide range of institutional investors. The Tier 2 notes, having a maturity of 10 years, carried a fixed interest coupon of 3.75%, with a one-time call and reset date after five years. SNS Bank mandated Deutsche Bank AG (London Branch), Goldman Sachs International, ING Bank N.V., J.P. Morgan Securities plc and UBS Limited as Joint Lead Managers on the transaction. The notes were listed on the Luxembourg Stock Exchange.
Financial Center:	Amsterdam	Value:	500.01-1000.00
Advised Party:	Managers::	Law Firm	Clifford Chance
Issuer Jurisdiction	Netherlands	Listing Jurisdiction	Netherlands
Classification:	Capital Securities Tier 2	Lawyer	Jurgen van der Meer

Practice Areas -

Debt Capital Markets Law Firms and Lawyers

Practice Areas - Debt Capital Markets Law Firms and Lawyers