NN Group N.V. noteert obligatie ter waarde van € 1 miljard aan Euronext Amsterdam

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Amsterdam, Brussels, Lisbon, Paris – 8 April 2014 – Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), today announced that NN Group N.V. listed its successful EUR 1 billion subordinated bonds on Euronext Amsterdam (ISIN XS1054522922).

NN Group is an insurance and investment management company with a strong, predominantly European presence in more than 18 countries with over 12,000 employees, offering retirement services, insurance, investments and banking to more than 15 million customers. NN includes Nationale-Nederlanden, ING Insurance Europe, ING Life Japan and ING Investment Management. NN Group is currently a fully-owned subsidiary of ING Group.

The subordinated bonds have a maturity of 30 years and are callable after 10 years and each quarter thereafter (subject to regulatory approval). The coupon is fixed at 4.625% per annum for the first 10 years and floating thereafter.  

“The successful placement of this subordinated bond marks an important step to establish our standalone capital structure,”said Lard Friese, vice-chairman of NN Group. “We are progressing well to prepare our company for a standalone future. Preparations for our base case Initial Public Offering are on track and we intend to go to the market in 2014, depending on market conditions.”

“We are pleased that NN Group has chosen to list the bond on Euronext Amsterdam,” said Anne Louise Metz, Head of Listing Euronext Amsterdam.”With over 4,500 bonds listed on our European markets, Euronext is the natural place for issuers to look to in meeting their financing needs and achieve their funding objectives. The listing on Euronext Amsterdam will increase the visibility and liquidity of the bond and NN Group.”

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Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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