Achmea Bank issues € 500 million soft bullet covered bonds

Tilburg, 14 September 2026 – Achmea Bank N.V. has issued € 500 million in Covered Bonds under its € 10 billion Soft Bullet Covered Bond Programme. This sixteenth 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: 59 investors subscribed with a total volume of over € 1.3 billion. The bonds have a tenor of 5 years, with a maturity date of 21 September 2031 and were issued at 22 basis points above mid-swap (coupon 3.625%). 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 Barclays, BNP Paribas, DZ BANK, NatWest, Rabobank and Santander. 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.