Maturity: 31 July 2013
Issue price: 99.937
Coupon: three month Euribor plus 15bp
Spread at re-offer: three month Euribor plus 16bp
Launch date: Thursday 20 July
Payment date: 31 July
Lead mgr: DZ Bank
This is a big ticket for Achmea, although they have issued at least one benchmark before, a dual tranche Eu750m three year deal, which matured this May.
This transaction was driven by a large lead order from Germany, which is where all the paper went, from bank and mortgage bank accounts.