Achmea issues € 300 million Restricted Tier 1 Securities

Achmea has today successfully priced € 300 million of perpetual Restricted Tier 1 securities (Securities), callable after 10.25 years on 27 January 2036 (subject to redemption conditions).

The Securities were priced with a coupon of 5.75% until the first reset date on 27 July 2036, which represents a credit spread of 320.9 bps over the interpolated 10.75-year Euro mid-swap rate.

The transaction was well received, with a final book of over 3.7 billion from over 255 global fixed income investors, representing an oversubscription of almost 13 times, which allowed the final pricing to be reduced by 50 bps from the Initial Pricing.

The Securities are expected to be rated BB+ by S&P and BBB by Fitch. Achmea has submitted an application to Euronext Dublin for the Securities to be admitted to the Official List and trading on the Global Exchange Market which is the exchange regulated market of Euronext Dublin on or around 27 October 2025.

The Securities have been placed by Barclays Bank Ireland PLC and HSBC Continental Europe who acted as Joint Global Coordinators and Banco Santander, S.A., Barclays Bank Ireland PLC, Deutsche Bank Aktiengesellschaft, HSBC Continental Europe, ING Bank N.V. and NatWest Markets N.V. who acted as Joint Bookrunners on the transaction. The Offering Memorandum will be published on or around 23 October 2025 at www.achmea.nl/en/investors/debtinformation