Van Lanschot succeeds with second shot at AT1 debut
Van Lanschot was able to privately place €100m of additional tier one capital on Monday, after failing to complete a transaction last year. The new deal was at the upper end of the Dutch issuer’s size ambitions, but came with a higher coupon than it had initially been targeting.
Van Lanschot had said back in October 2018 that it was looking to raise between €75m and €100m of AT1 bonds in the euro market.It spoke with investors during a roadshow organised by Morgan Stanley and Goldman Sachs, before opening books on a new perpetual non-call ...
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