Amsterdam, 16 September 2014 - Atradius successfully places EUR 250 million of dated subordinated notes
Atradius N.V. (Atradius) and its wholly owned subsidiary Atradius Finance B.V. announced that they have successfully placed EUR 250 million of dated subordinated notes. The notes are issued by Atradius Finance B.V. and are unconditionally and irrevocably guaranteed on a subordinated basis by Atradius N.V., the holding company of the group.
The notes have a maturity of 30 years and are callable after 10 years and every quarter thereafter (subject to regulatory approval). The coupon is fixed at 5.250% per annum for the first 10 years, payable annually in arrear, and will be floating thereafter at 3 month Euribor plus 5.031%, payable quarterly in arrear. The issue price is set at 100.00 per cent. The notes are expected to be rated by Moody’s (Ba1).
The transaction was primarily targeted at European institutional investors and was warmly welcomed with a strong level of oversubscription.
The prospectus for the notes will become available on atradius.com and on the website of the Luxembourg Stock Exchange, www.bourse.lu, after approval by the Commission de Surveillance du Secteur Financier on or about 19 September 2014. The notes are expected to be listed on the Luxembourg Stock Exchange (ISIN: XS1028942354) on 23 September 2014.
Nothing in this press release constitutes an offer to sell or the solicitation of an offer to buy in any jurisdiction (including in the United States of America). No document related to this press release can be circulated, directly or indirectly (i) in the United States of America, or to any person located or resident in the United States of America or (ii) in any other country where such circulation could be illegal or subject to legal restrictions.
Atradius provides trade credit insurance, surety and collections services worldwide and has a presence through more than 160 offices in 50 countries. Atradius has access to credit information on 100 million companies worldwide. Its products help protect companies throughout the world from payment risks associated with selling products and services on credit.
For further information:
Atradius Corporate Communications
Tel.: +31 20 553 2047