Marc Lauwers named Argenta’s new CEO

Argenta’s Board of Directors nominates Marc Lauwers as director and chairman of the Executive Committee of Argenta Bank- en Verzekeringsgroep, Argenta Spaarbank and Argenta Assuranties. He succeeds John Heller who left Argenta end of April 2016. Marc Lauwers can pride himself on a rich and impressive career in the financial industry. For over 25 years, he was active at Bacob, Artesia, Dexia and Belfius, in very diverse positions. In 2006, he became a member of Belfius’ Board of Directors and was vice president of that board up to 2013, responsible for retail and commercial banking.
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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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