Friesland Bank will redeem perpetual on 3 December 2014

Friesland Bank and Rabobank hereby give notice that the Perpetual Capital Securities (“Capital Securities”) issued by Friesland Bank in 2004 will be redeemed on 3 December 2014, ten years after the issuance date. The redemption amount totals 125 million euro, plus accrued interest.

Friesland Bank N.V. issued the Capital Securities on 3 December 2004. In accordance with the terms and conditions of the Capital Securities, Friesland Bank N.V. may elect to redeem all of the Capital Securities on 3 December 2014, subject to certain conditions, one of which is the approval of the Dutch Central Bank (De Nederlandsche Bank N.V.). Friesland Bank confirms that it has obtained such approval.

Notice is hereby given that, pursuant to Condition 7(b) of the terms and conditions of the Capital Securities, Friesland Bank N.V. has elected to redeem and will redeem all of the Capital Securities at their principal amount, together with any Outstanding Payments (as defined in the terms and conditions relating to the Capital Securities) on 3 December 2014.

 

Principal Paying AgentABN AMRO Bank N.V.

Kemelstede 2
4817 ST Breda
The Netherlands

 

Issuer
Friesland Bank N.V.
Croeselaan 18 (UCR 1020)
3521 CB Utrecht
The Netherlands

For further information
Press Office Rabobank
René Loman
+31 30 21 62622