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De Volksbank issues € 300 million of green Additional Tier 1 notes

On 8 June 2022, de Volksbank issued its first Additional Tier 1 (AT1) notes. The Perpetual Callable AT1 notes amount to € 300 million and have a coupon rate of 7.00% up to the first reset date on 15 December 2027.

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The issuance of AT1 notes contributes to the improvement of de Volksbank’s capital structure, and strengthens the leverage ratio and MREL position.

The notes were issued under de Volksbank’s Green Bond Framework 2021, which is aligned with the EU Taxonomy. For more information on our Green Bond Framework, please refer to our website.

The green AT1 notes will be listed on the Luxembourg Stock Exchange.

Facts of the issue:

Issue size€ 300 million
Issue price100%
Coupon7.00% (first reset date: 15 December 2027)
Settlement date15 June 2022
FormatOptional redemption date: 15 June 2027
Expected ratingsBa1 (Moody’s)

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