Achmea Bank issues € 500 million soft bullet covered bonds

Tilburg, 21 October 2026 – Achmea Bank N.V. has issued € 500 million in Covered Bonds under its  € 10 billion Soft Bullet Covered Bond Programme. This seventeenth issue under the 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: 36 investors subscribed. The bonds have a tenor of 6 years, with a maturity date of 28 October 2032 and were issued at 32 above mid-swap (coupon 3.75%). 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 ABN Amro Bank, Deutsche Bank, DZ BANK, HSBC Continental Europe, LBBW and Rabobank. The co-lead managers were Landesbank Hessen-Thüringen Girozentrale and Norddeutsche Landesbank. 

The Notes have been issued under the € 10 billion Soft Bullet Covered Bond Programme of Achmea Bank N.V., dated 23 January 2026 and supplemented on 3 April 2026: Soft Bullet Covered Bond