ASN Bank issues € 500 million of Additional Tier 1 capital securities

On 5 November 2026, ASN Bank successfully issued € 500 million of Additional Tier 1 (AT1) capital securities. The perpetual AT1 capital securities have a coupon of 7.00% up to the first reset date on 12 November 2032.

Investors subscribed for an amount of more than € 1.8 billion. The investor base was geographically diverse, reflected in the final allocation to investors from France (27%), the UK and Ireland (26%), the Nordics (14%) and the Benelux (13%).

The issuance reflects ASN Bank's proactive management of its capital base and provides flexibility for the potential future exercise of the call option of the existing € 300 million 7.00% AT1 capital securities, subject to regulatory approval. Furthermore, the transaction contributes to strengthening our leverage ratio and MREL requirements.

The Additional Tier 1 capital securities will be listed on the Luxembourg Stock Exchange.

Facts of the issue