ASR Nederland N.V. Exchange Offer and Consent Solicitation
17-07-2009
Further to the press release dated 6th July 2009, ASR Nederland
N.V. ("ASR") today announced an exchange offer and concurrent
consent solicitation (the "Exchange Offer" and the "Consent
Solicitation" respectively) in respect of all of the existing
Euro-denominated Non-cumulative Trust Preferred Securities issued
by the Fortis Capital Funding Trusts (the "Existing Securities").
ASR is offering to exchange any and all of the Existing Securities
for newly issued Eurodenominated Perpetual Capital Securities
("New Securities") to be directly issued by ASR and guaranteed on
asubordinated basis by ASR Levensverzekering N.V. (IFS rating of
A/A by S&P and Fitch). The New Securities are expected to be
rated BBB+ by both S&P and Fitch.
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