Achmea Bank set up a EUR 5,000,000,000 Soft Bullet Covered Bond ("SBCB") Programme in June 2021 in addition to its former conditional pass-through covered bond programme which was established in 2017. In January 2024, the SBCB Programme was expanded from €5 billion to €10 billion.
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.
| Programme size | EUR 10,000,000,000 |
| Active | Yes |
| Registrated | Yes, Dutch Central Bank |
|
Arranger |
RABOBANK |
| Extension period | Max. 1 years |
| Collateral | Dutch Prime Residental Mortgage Loans |
| Asset percentage | 93.47% |
| Indexed LTV Cut Off | 80% |
| Minimum documented OC | Not Applicable |
| Regulatory OC | 5% |
| European Covered Bond (Premium) Label | Yes |
| Investor Presentation | Achmea Bank SBCB 2024-01 |
| Base Prospectus | Update 2024 |
| ISIN | XS2392593161 (Series1) |
| Size | EUR 500,000,000 |
| Documentation | Final terms 2021 1 |
| Isuance date | 29 September 2021 |
| Maturity date | 29 September 2036 |
| Ratings at issuance | AAA (S&P) |
| ISIN | XS1953778807 (Series 5) |
| Size | EUR 500,000,000 |
| Documentation | Final terms 2019 |
| Issuance date | 20 February 2019 |
| Maturity date | 20 February 2026 |
| Ratings at Issuance |
AAA (S&P) |
| ISIN | XS2484321950 (Series 2) |
| Size | EUR 500,000,000 |
| Documentation | Final terms 2022 1 |
| Issuance date | 24 May 2022 |
| Maturity date | 24 May 2029 |
| Ratings at issuance | AAA (S&P) |
| ISIN | XS2189964773 (Series 6) |
| Size | EUR 500,000,000 |
| Documentation | Final terms 2020 |
| Issuance date | 16 June 2020 |
| Maturity date | 16 June 2025 |
| Ratings at Issuance |
AAA (S&P) |
| ISIN | XS2582112947 (Series 3) |
| Size | EUR 500,000,000 |
| Documentation | Final terms 2023 1 |
| Issuance date | 31 January 2023 |
| Maturity date | 31 January 2030 |
| Ratings at issuance | AAA (S&P) |
| ISIN | XS2706237513 (Series 7) |
| Size | EUR 500,000,000 |
| Documentation | Final terms 2023 3 |
| Issuance date | 19 October 2023 |
| Maturity date | 19 October 2026 |
| Ratings at Issuance |
AAA (S&P) |
| ISIN | XS1722558258 (Series 4) |
| Size | EUR 500,000,000 |
| Documentation | Final terms 2017 |
| Issuance date | 22 November 2017 |
| Maturity date | 22 November 2024 |
| Ratings at Issuance |
AAA (S&P) |
| ISIN | XS2761358055 (Series 8) |
| Size | EUR 500,000,000 |
| Documentation | Final terms 2024 1 |
| Issuance date | 7 February 2024 |
| Maturity date | 7 February 2034 |
| Ratings at Issuance |
AAA (S&P) |
National Transparency Template (NTT)
Harmonised Transparency Template
Prospectus
- Update 2024 - Base Prospectus
- SBCB 2023 - 2 Supplemental Prospectus
- SBCB 2023 - Supplemental Prospectus
- Update 2022 - Base Prospectus
Documentation
- AoA Achmea Bank N.V.
- AoA of the Security Trustee
- AoA of the CBC
- Security Trustee Rights Pledge Agreement
- Security Trustee Receivables Pledge Agreement
- Administration Agreement
- Back Up Administation Agreement
- Servicing Agreement
- CBC Account Agreement
- Trust Deed
- Parallel Debt Agreement
- Agency Agreement
- Guarantee Support Agreement
- Asset Monitoring Agreement
- Asset Monitor Appointment Agreement
Investor Presentations
- Investor Presentation, January 2024
- Investor Presentation, October 2023
- Investor Presentation, January 2023
- Investor Presentation, May 2022
- Investor Presentation, September 2021
Documentation
- Master Definitions Agreement
- Insurance Savings Participation Agreement
- Bank Savings Participation Agreement
- CBC Master Purchase Agreement
- Achmea Bank Receivables Proceeds Distribution Agreement
- Achmea Bank Collection Foundation Account Pledge Agreement
- Achmea Hypotheken Receivables Proceeds Distribution Agreement
- Achmea Hypotheken Collection Foundation Account Pledge Agreement
- CBC Management Agreement
- Stichting Holding Management Agreement
- Security Trustee Management Agreement
- CBC Back Up Account Agreement