Delta Lloyd NV ("Delta Lloyd Group") intends to launch a senior unsecured debt transaction before the end of this year with a maximum amount of €0.5 billion to refinance Delta Lloyd Group's working capital.
- Intends to launch senior unsecured debt transaction
Delta Lloyd NV ("Delta Lloyd Group") intends to launch a senior unsecured debt transaction before the end of this year with a maximum amount of €0.5 billion to refinance Delta Lloyd Group's working capital. This transaction will be issued under the newly established Euro Medium Term Note (EMTN) Programme with an aggregate amount of €2.5 billion. This programme also allows the company to issue subordinated debt.
Furthermore Delta Lloyd Group has set up a Euro-Commercial Paper (ECP) Programme with an aggregate amount of €1.5 billion and intends to launch a transaction under this programme with a maximum amount of €0.5 billion before the end of this year.
Base Prospectus
The Base Prospectus for the EMTN programme dated 6 October 2010 is available on the investor relations section of the website of Delta Lloyd at www.deltalloydgroup.com as of today.
The Authority for the Financial Markets (Autoriteit Financiële Markten, AFM), in its capacity as competent authority under the Dutch Act on financial supervision (Wet op het financieel toezicht, Wft), has approved this Prospectus pursuant to Chapter 5 of the Wft.
Application has been made for the admission to listing on NYSE Euronext in Amsterdam (Euronext Amsterdam) for Instruments issued under the Programme up to the expiry of 12 months from the date of this Prospectus.
Information Memorandum ECP Programme
The Information Memorandum on the euro commercial paper programme dated 6 October 2010 is available on the investor relations section of the website of Delta Lloyd Group at www.deltalloydgroup.com as of today.
Rating
The long-term counterparty credit strength of Delta Lloyd NV has been rated A- by Standard & Poor's Ratings Services on 1 October 2010. The A+ ratings of Delta Lloyd Levensverzekering NV and Delta Lloyd Schadeverzekering NV remain unchanged and were affirmed on that date. Delta Lloyd Group's status in relation to majority shareholder Aviva has changed in the Standard & Poor's rating system from "strategically important" to "non-strategic" reflecting Delta Lloyd Group's growing independence, both strategic and financial. All mentioned entities' outlook is negative, as a result of the negative outlook on Aviva.
Arranger and dealers
The Programmes were arranged for Delta Lloyd Group by Rabobank International. Nine banks have been appointed dealers under the EMTN Programme: ABN AMRO, BNP Paribas, Deutsche Bank, ING Commercial Banking, JP Morgan, Morgan Stanley, Natixis, Rabobank International and the Royal Bank of Scotland. The following banks have been appointed dealers under the ECP Programme: ABN AMRO, Barclays Capital, BNP Paribas, ING Commercial Banking, Rabobank International and the Royal Bank of Scotland.
Important information
This release does not constitute an offer to sell or the solicitation of an offer to buy any Instruments in any jurisdiction to any person to whom it is unlawful to make the offer or solicitation in such jurisdiction.
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For more information, please contact:
Delta Lloyd Group
Media relations +31 (0) 20 594 44 88
Investor relations +31 (0) 20 594 96 93
About Delta Lloyd Group
Delta Lloyd Group is a financial services provider offering life insurance, general insurance, fund management and banking products and services. Delta Lloyd Group's target markets are the Netherlands and Belgium. In the Netherlands it mainly operates under the brand names of Delta Lloyd, OHRA and ABN AMRO Insurance, in Belgium under the Delta Lloyd brand. Delta Lloyd Group employs 6,100 permanent staff and is listed on NYSE Euronext Amsterdam.