Monthly Archives May 2016

Successful inaugural Tier 2 benchmark transaction for Argenta Spaarbank

After the release of its excellent 2015 results and in a moment of good market sentiment, Argenta Spaarbank nv (“Argenta”) launched today its first subordinated benchmark issue. This Tier 2 transaction was highly successful. The EUR 500 million notes, with a maturity of 10 years and a call option at 5 years, bear an annual coupon of 3.875%. This issue was priced at the tight end of the spread guidance at a re-offer spread over euro mid swaps of 395 basis points.
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