TILBURG – In respect of its previously announced cash tender offer to purchase up to U.S.$900,000,000 aggregate principal amount (the “Maximum Tender Amount”) of its outstanding U.S.$2,750,000,000 Fixed Rate Notes due 2014 guaranteed by the State of the Netherlands (the “First Priority Notes”) and its outstanding U.S.$500,000,000 Floating Rate Notes due 2014 guaranteed by the State of the Netherlands (the “Second Priority Notes” and together, the “Notes”), Achmea Hypotheekbank N.V. (“Achmea”) announced today the expiration and final results of the tender offer.
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Achmea Hypotheekbank is a subsidiary of Achmea that offers residential mortgage loans in The Netherlands. Achmea Hypotheekbank funds itself in the capital market through the EUR 10 billion Covered Bond Programme and EUR 10 billion Secured Debt Programme.