ABN Amro

ASR Nederland is planning a 30 year non-call 10 tier two bond issue, it said on Wednesday, as looks to finance its recent acquisition of disability specialist Loyalis.

ABN Amro tapped into bank investors’ thirst for yield amid low interest rates this week with a 20 year covered bond. The Dutch deal followed a previous 20 year from MünchenerHyp (MuHyp) and comes as European investors are increasingly under pressure to reach for yield.

ABN Amro returned to the covered bond market on Monday to issue the largest 20 year transaction so far in 2019. Banks have increasingly found favour in placing deals with the ultra-long maturities, amid renewed speculation that the European Central Bank could restart asset purchases.

The week started on a green note with ABN Amro issuing its fourth green bond on Monday. It was more than three times subscribed. On Tuesday, Erste Group also enjoyed favourable market conditions with demand at nearly 10 times its final books.

ABN Amro is looking for a branch licence for its US business, GlobalCapital understands, which the Dutch bank believes would allow it to be more efficient from an operational point of view.

ABN Amro, one of the banks at the centre of the global financial crisis in 2008, hopes that a new structure designed to deliver on a corporate and institutional banking (CIB) strategy anchored closer to home will allow it to prosper.

ABN Amro is set to boost its capital ratios through merging its operating and holding companies.

Hugo Peek has stepped down as CEO of ABN Amro’s corporate and institutional bank in Europe, the Middle East and Africa, following a restructuring at the Dutch lender.

ABN Amro has promoted one of its senior equity syndicate bankers to a wider coverage role within investment banking.