ASN Bank issues € 500 million SNP Notes under European Green Bond Standard
On 17 April 2026, ASN Bank successfully issued € 500 million of Senior Non-Preferred (SNP) notes under the European Green Bond Standard (EuGB). The notes have a term of 6 years and a coupon of 3.625%.
The SNP notes were issued in accordance with ASN Bank’s European Green Bond Factsheet. The issuance follows the voluntary guidance provided by the ICMA Green Bond Principles, as outlined in ASN Bank’s Green Funding Framework 2025. For more information on our Factsheet and Green Funding Framework, please refer to our website.
An amount equal to the proceeds will be used to refinance loans for the acquisition and ownership of buildings aligned with European Taxonomy standards, as defined in the Factsheet. With this latest issuance, ASN Bank's total outstanding green bonds increased to € 4.8 billion.
The issuance is in line with ASN Bank’s capital planning, which is based on meeting the MREL requirements with subordinated instruments, i.e. Tier 1 capital, Tier 2 capital and SNP notes with a residual contractual maturity of at least one year.
The green SNP notes will be listed on the Luxembourg Stock Exchange.
Facts of the issue
| Issue size | € 500 million |
| ISIN | XS3353988580 |
| Issue price | 99.461% |
| Coupon | 3.625% |
| Settlement date | 28 April 2026 |
| Redemption date | 28 April 2032 |
| Expected ratings | Baa1 (Moody’s) / A- (Fitch) |
