Credit insurer Atradius is to issue a €110m subordinated Eurobond, with a final maturity of 20 years and quarterly call options after 10 years.
The securities would be issued by Atradius Finance BV, and fully and unconditionally guaranteed by the Atradius NV and Atradius Credit Insurance, said the group.
Proceeds from the Eurobond will be used to redeem existing subordinated binds. They will be listed on the Amsterdam Stock Exchange.
Standard & Poor's (S&P) gave the Eurobond issue a BBB+ long-term subordinated unsecured debt rating.
