ABN Amro 4.75% Perpetual (Euro)
Investors can borrow in Euro loan at 1% to buy this bond and enjoy carry trade of 3.75%.
ABN Amro 4.75% Perpetual
Cust price: 100.00
Rating: Fitch expected BB+
Yield to call: 4.75%
First call date: 22Sep2027
Ccy: Euro
Coupon reset: 5 year semi annual mid swap rate + 3.898%
Optional interest cancellation: Issuer may elect to cancel any interest payment
Trigger event: If capital tier 1 ratio is less than 5.125% OR the group capital tier 1 ratio less than 7%
Principal writedown: Issuer shall cancel all interest accrued and reduce prevailing principal amount by relevant write down amount.
Advance margin: 40%
ABN Amro 4.75% Perpetual
Cust price: 100.00
Rating: Fitch expected BB+
Yield to call: 4.75%
First call date: 22Sep2027
Ccy: Euro
Coupon reset: 5 year semi annual mid swap rate + 3.898%
Optional interest cancellation: Issuer may elect to cancel any interest payment
Trigger event: If capital tier 1 ratio is less than 5.125% OR the group capital tier 1 ratio less than 7%
Principal writedown: Issuer shall cancel all interest accrued and reduce prevailing principal amount by relevant write down amount.
Advance margin: 40%
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