Welcome!

News Feed Item

Achmea Hypotheekbank N.V. Announces Expiration and Final Results of its Cash Tender Offer for certain of its outstanding debt securities

TILBURG, The Netherlands, Dec. 26, 2012 /PRNewswire/ -- In respect of its previously announced cash tender offer to purchase up to U.S.$900,000,000 aggregate principal amount of its outstanding U.S.$2,750,000,000 Fixed Rate Notes due 2014 guaranteed by the State of the Netherlands (of which U.S.$1,850,000,000 is currently outstanding) (the "First Priority Notes") and its outstanding U.S.$500,000,000 Floating Rate Notes due 2014 guaranteed by the State of the Netherlands (the "Second Priority Notes" and together, the "Notes"), Achmea Hypotheekbank N.V. ("Achmea") announced today the expiration and final results of the tender offer.

The tender offer expired at 11:59 p.m., New York City time, on December 24, 2012 (the "Expiration Time").

Achmea hereby announces that it has accepted for purchase U.S.$900,001,000 in aggregate principal amount of the First Priority Notes (such amount being the Maximum Tender Amount) validly tendered for purchase pursuant to the tender offer.

The table below lists the results of the tender offer as at the Expiration Time, based on information provided by Global Bondholder Services Corporation, the depositary for the tender offer.

ISINs

CUSIP
Numbers

Title of Security

Priority Acceptance Level

Principal
Amount Outstanding

Principal Amount
Tendered

Approximate Percentage of
Outstanding
Amount Tendered

Principal
Outstanding
Amount of Notes Tendered that are to be Accepted

US00448MAA99 (Rule 144A)/
US00448NAA72 (Regulation S)

00448MAA9 (Rule 144A)/
00448NAA7
(Regulation S)

U.S.$2,750,000,000 Fixed Rate Notes due 2014 Guaranteed by the State of the Netherlands issued by Achmea

1

U.S.$1,850,000,000

U.S.$1,096,057,000

59.25%

U.S.$900,001,000

US00448MAB72 (Rule 144A)/
US00448NAB55
(Regulation S)

00448MAB7 (Rule 144A)/
00448NAB5 (Regulation S)

U.S.$500,000,000 Floating Rate Notes due 2014 Guaranteed by the State of the Netherlands issued by Achmea

2

U.S.$500,000,000

U.S.$254,450,000

50.89%

 

Tendered Notes have been accepted in the order of the priority acceptance levels set forth in the tender offer results table above, except that Achmea will only accept an aggregate principal amount of First Priority Notes that do not exceed the Maximum Tender Amount. As tenders of an aggregate principal amount of more than the Maximum Tender Amount of the First Priority Notes were received, Achmea will not accept any Second Priority Notes for purchase.

First Priority Notes validly tendered are being accepted for purchase by Achmea subject to a pro-ration factor of 86.7714 per cent. The Settlement Date is expected to be tomorrow, December 27, 2012.

Holders of First Priority Notes validly tendered and accepted for purchase prior to the Early Tender Time will receive the Total Consideration (U.S.$1,051.74 per U.S.$1,000 principal amount) in respect of such First Priority Notes. Holders of the First Priority Notes validly tendered and accepted for purchase after the Early Tender Time but prior to the Expiration Time will receive the Tender Offer Consideration (U.S.$1,021.74 per U.S.$1,000 principal amount) in respect of such First Priority Notes.

Citigroup Global Markets Limited, Deutsche Bank AG, London Branch and Societe Generale acted as dealer managers for the tender offer. Questions regarding the tender offer may be directed to Citigroup Global Markets Limited, at (800) 558-3745 (toll free) or (212) 723-6106 (collect) within the U.S. and +44 20 7986 8969 outside the U.S.; Deutsche Bank AG, London Branch at (866) 627-0391 (toll-free) or (212) 250-2955 (collect) within the U.S. and +44 20 7545 8011 outside the U.S.; or Societe Generale, at (212) 278 6964 (collect) within the U.S. and +44 207 676 7442 outside the U.S. Requests for documents may be directed to Global Bondholder Services Corporation, the depositary and information agent for the Offer, at (866) 736-2200 (toll free) or at (212) 430-3774 (collect).

The tender offer was made solely by the offer to purchase dated November 27, 2012 (the "Offer to Purchase") and the related Letter of Transmittal, which set forth the terms and conditions of the tender offer.

Capitalised terms used herein have the same meaning as in the Offer to Purchase.

About Achmea

Achmea Hypotheekbank N.V. is a fully owned subsidiary of Achmea Bank Holding N.V. Achmea Bank Holding N.V. is a fully owned subsidiary of Achmea B.V. Achmea Hypotheekbank N.V. has its registered office at Spoorlaan 298, 5017 JZ Tilburg, The Netherlands.

Forward-Looking Statements

Achmea considers portions of this announcement and the Offer to Purchase and the documents incorporated by reference to be forward-looking statements. Forward-looking statements can be identified by the use of words such as "may", "will", "plan", "should", "expect", "anticipate", "estimate", "continue" or comparable terminology. Forward-looking statements are inherently subject to risks and uncertainties, many of which Achmea cannot predict with accuracy and some of which Achmea might not even anticipate. Although Achmea believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, Achmea can give no assurance that such expectations will be achieved. Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements as a result of risks and uncertainties, including, without limitation, possible changes in the timing and consummation of the Offer. Holders are cautioned not to place undue reliance on these forward-looking statements. Achmea assumes no obligation to update and supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise except as may be required under Rule 14e-l under the Securities Exchange Act of 1934 (the "Exchange Act").

The forward-looking statements contained in this announcement and the Offer to Purchase speak only as of the date of this announcement and the Offer to Purchase. Achmea undertakes to publicly update, to the extent required by federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.

Achmea Hypotheekbank is licensed as a financial services provider under the Financial Supervision Act (Wft). Achmea Hypotheekbank provides mortgage loans only for owner-occupied residential properties in the Netherlands. Achmea Hypotheekbank had a mortgage portfolio of EUR 11.9 billion at the end of June 2012 and profit before income taxes for the first half of 2012 amounted to EUR 1 million, excluding changes in fair value of financial instruments. All the shares in the company are held by Achmea Bank Holding NV, which in turn is wholly owned by Achmea B.V.

SOURCE Achmea Hypotheekbank N.V.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
Elon Musk is among the notable industry figures who worries about the power of AI to destroy rather than help society. Mark Zuckerberg, on the other hand, embraces all that is going on. AI is most powerful when deployed across the vast networks being built for Internets of Things in the manufacturing, transportation and logistics, retail, healthcare, government and other sectors. Is AI transforming IoT for the good or the bad? Do we need to worry about its potential destructive power? Or will we...
Cloud-based disaster recovery is critical to any production environment and is a high priority for many enterprise organizations today. Nearly 40% of organizations have had to execute their BCDR plan due to a service disruption in the past two years. Zerto on IBM Cloud offer VMware and Microsoft customers simple, automated recovery of on-premise VMware and Microsoft workloads to IBM Cloud data centers.
Many organizations adopt DevOps to reduce cycle times and deliver software faster; some take on DevOps to drive higher quality and better end-user experience; others look to DevOps for a clearer line-of-sight to customers to drive better business impacts. In truth, these three foundations go together. In this power panel at @DevOpsSummit 21st Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, industry experts will discuss how leading organizations build application success from all...
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
SYS-CON Events announced today that Daiya Industry will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Daiya Industry specializes in orthotic support systems and assistive devices with pneumatic artificial muscles in order to contribute to an extended healthy life expectancy. For more information, please visit https://www.daiyak...
The last two years has seen discussions about cloud computing evolve from the public / private / hybrid split to the reality that most enterprises will be creating a complex, multi-cloud strategy. Companies are wary of committing all of their resources to a single cloud, and instead are choosing to spread the risk – and the benefits – of cloud computing across multiple providers and internal infrastructures, as they follow their business needs. Will this approach be successful? How large is the ...
Your clients expect transactions to never fail, cloud access to be fast and always on, and their data to be protected - no exceptions. Hear about how Secure Service Container (SSC), an IBM-exclusive open technology, enables secure building and hosting of next-generation applications, both cloud and on-premises. SSC protects the full stack from external and insider threats, allows automatic encryption of data in-flight and at-rest, and is tamper-resistant during installation and runtime – with no...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp em...
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
SYS-CON Events announced today that Nihon Micron will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Nihon Micron Co., Ltd. strives for technological innovation to establish high-density, high-precision processing technology for providing printed circuit board and metal mount RFID tags used for communication devices. For more inf...