6 July 2015
Clifford Chance advises ABN AMRO on an offering of EUR 1.5bn Tier 2 capital instruments
Clifford Chance has advised ABN AMRO Bank N.V. (hereinafter "ABN AMRO") on a successful offering of EUR 1.5bn Tier 2 capital instruments. Remarkable about the transaction is that ABN AMRO, being advised by UBS, Morgan Stanley, Deutsche Bank, BAML and ABN AMRO's own Debt Capital Markets Origination team, was one of the few institutions/banks that seized the tiny issuance window of opportunity on the morning of 23 June 2015 and was able to successfully draw within a couple of hours almost EUR 8bn of orders from investors. The instruments will count as capital buffer which banks are required to hold against their assets and was structured to comply with the latest regulatory requirements.
The Clifford Chance team was led by Jurgen van der Meer and furthermore consisted of Hugo van der Molen, Pieter Leefers, Joep Bertrams and Mia Morgan and Lisa Wang from the London office.