Athora plans sub-benchmark tier two

Athora Netherlands is looking to raise up to €300m of tier two capital this week, ahead of a call for one of its outstanding bonds.
The insurance company has picked Barclays, HSBC and NatWest Market as lead managers for the sale of a 10.25 year non-call 5.25 tier two note.
It will be running calls with investors from Tuesday, after which it could open books for a deal worth between €250m and €300m.
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