NN Group: prices 900 million euro dual-tranche senior notes.

(CercleFinance.com) - NN Group has priced a dual-tranche senior note offering amounting to a total of 900 million euros, which was made so the group could repay the bridge loan used to finance its acquisition of Delta Lloyd.


The two senior unsecured notes consist of 300 million euros senior notes with a fixed coupon at 0.25% per annum and a maturity of 3 years, along with 600 million senior notes with a fixed coupon at 1.625% per annum and a maturity of 10 years.

NN Group and Delta Lloyd are continuing the preparations of their legal merger, which is set to be completed in August.

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