a.s.r. postpones senior unsecured bond issue
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Due to a deterioration in market conditions, ASR Nederland N.V. has chosen to delay its planned senior unsecured issuance.
Today, ASR Nederland N.V. (‘a.s.r.’) has announced its intention to issue Fixed Rate Senior Unsecured Notes in the near future, subject to market conditions. An investor conference call will be held tomorrow morning at 10:00 CET (09:00 GMT). The new issue is the first senior unsecured bond issued by a.s.r. The proceeds will be used for general corporate purposes.
Chris Figee, CFO: ‘In optimizing the capital structure, a.s.r. has decided to launch a senior fixed rate bond, following the successful issuance of the tier 2 hybrid issue in September this year. The proceeds will provide us additional flexibility in the management of our working capital.’