Senior Fixed Rate Notes

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Ageas successfully places its inaugural GBP 400 million Senior Notes
Globenewswireยท 2025-06-24 15:40
Group 1: Debt Issuance - Ageas SA/NV successfully placed its inaugural debt securities amounting to GBP 400 million in Senior Fixed Rate Notes maturing in December 2028, with a first call date in September 2028, generating substantial interest from UK institutional investors [1] - The Notes are issued in denominations of GBP 100,000 at a re-offer price of 99.963, with a fixed coupon rate of 4.75% payable annually, and the first coupon payment scheduled for December 2025 [1] Group 2: Ratings and Listing - Standard and Poor's assigned an A+ rating and Moody's assigned an A1 rating to the Notes [2] - Application has been made for the Notes to be listed on the official list of the Luxembourg Stock Exchange and to be admitted to trading on the Luxembourg Stock Exchange's Euro MTF market, with expected issuance and settlement on 1 July 2025 [2] Group 3: Company Overview - Ageas is a Belgian-rooted international insurance group with a heritage of 200 years, offering both Life and Non-Life insurance products tailored to customer needs, and engaged in reinsurance activities [3] - The company operates in Europe and Asia, representing a significant portion of the global insurance market, with successful businesses in multiple countries including Belgium, the UK, and China, among others [3] - Ageas employs approximately 50,000 people and reported annual inflows of EUR 18.5 billion in 2024 [3]