Practice Areas -

Debt Capital Markets Law Firms and Lawyers

  • Search Result as
  • By Days
  • Between Dates

Practice Areas - Debt Capital Markets Law Firms and Lawyers

Deal Date: 09-11-2015 Practice Area: Debt Capital Markets
Deal Title: SNS Bank Tier 2 Subordinated Notes Issuance Industry: Banks
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
Issuer Jurisdiction Netherlands Listing Jurisdiction Netherlands
Classification: Capital Securities Tier 2
Lawyer Jurgen van der Meer