Achmea Bank issues € 500 million soft bullet covered bonds

Tilburg, 23 June 2026 – Achmea Bank N.V. has issued € 500 million in Covered Bonds under its € 10 billion Soft Bullet Covered Bond Programme. This fifteenth issue under this programme brings the total outstanding amount of Covered Bonds to € 6.65 billion.

The transaction was well-received in the capital market with broad interest among European Institutional Investors: 29 investors subscribed. The bonds have a tenor of 7 years, with a maturity date of 30 June 2033 and were issued at 28 basis points above mid-swap (coupon 3%). Achmea Bank will use the proceeds to (re)finance parts of its Dutch mortgage portfolio.

The bond is expected to be rated ‘AAA’ by Standard & Poor’s and will be listed on Euronext Amsterdam. The covered bonds have been placed by a syndicate of banks consisting of Joint lead managers Banco Bilbao Vizcaya Argentaria, DZ BANK, HSBC, ING, Landesbank Baden-Württemberg and Rabobank. The Co-lead managers were Landesbank Hessen-Thüringen Girozentrale and Norddeutsche Landesbank.

The Notes have been issued under the Achmea Bank N.V. € 10 billion Soft Bullet Covered Bond Programme, dated 23 January 2026 and supplemented on 3 April 2026: https://www.achmeabank.nl/en/investors/funding/soft-bullet-covered-bond