Athora Netherlands issues €300 million subordinated 10.25NC5.25 Tier 2 bond

Athora Netherlands N.V. (Athora Netherlands) today successfully issued a €300 million subordinated Tier 2 capital instrument. The bond was priced at 260 basis points over the 5 year mid-swap rate, with a fixed rate coupon of 2.250%. The Tier 2 Notes have a first call date on 15 April 2026.

The transaction was well received in capital markets with more than 100 investors placing orders for over €1 billion of demand. The new issuance was placed with institutional investors across primarily the United Kingdom, Continental Europe and Asia.

Tom Kliphuis, CEO of Athora Netherlands: “Today Athora Netherlands successfully issued a Tier 2 capital instrument, achieving the lowest ever coupon (2.250%) for this type of instrument from a Dutch insurer. The coupon-level reflects the strong confidence of the investment community in Athora and Athora Netherlands. This transaction refinances a more expensive legacy instrument from SRLEV which was redeemed on April 15^th and will contribute to Athora Netherlands’ focus on capital generation going forward. We thank our investors for their support for Athora and Athora Netherlands.”