Achmea Bank set up a EUR 5,000,000,000 Soft Bullet Covered Bond ("SBCB") Programme in June 2021 in addition to its conditional pass-through covered bond programme which was established in 2017.
The bonds issued under the SBCB Programme are backed by Dutch prime residential mortgage loans. For investors there is a so-called 'double recourse' which means that in the event of a default of the Bank an investor has recourse on the bank and on the underlying mortgage portfolio.
The bonds issued under the SBCB Programme are backed by Dutch prime residential mortgage loans. For investors there is a so-called 'double recourse' which means that in the event of a default of the Bank an investor has recourse on the bank and on the underlying mortgage portfolio.
Bonds Issued
| ISIN | XS2392593161 |
| Size | EUR 500,000,000 |
| Documentation | |
| Issuance date | 29 September 2021 |
| Maturity date | 29 September 2036 |
| Ratings at issuance | AAA (S&P) |
| ISIN | XS2484321950 |
| Size | EUR 500,000,000 |
| Documentation | Achmea Bank SBCB Issue 2022-1 Final Terms |
| Issuance date | 24 May 2022 |
| Maturity date | 24 May 2029 |
| Ratings at issuance | AAA (S&P) |
| ISIN | XS2582112947 |
| Size | EUR 500,000,000 |
| Documentation | Achmea Bank SBCB Issue 2023-1 Final Terms |
| Issuance date | 31 January 2023 |
| Maturity date | 31 January 2030 |
| Ratings at issuance | AAA (S&P) |
National Transparency Template (NTT)
Harmonised Transparency Template
Documentation
September, 2021
| Investor Presentation |
| May, 2022 |
| Investor Presentation |
| January, 2023 |
| Investor Presentation |