€€€ Athora Holding EUR Benchmark 10.25yr Tier 2 – IPTs MS+345bps Area €€€
Issuer: Athora Holding Ltd.
LEI Number: 98450059DQ10TFC4B020
Issuer Default Rating (Fitch): A- (stable)
Expected Issue Rating (Fitch): BBB-
Status: The Notes represent subordinated, unsecured, general obligations of the Issuer and rank (a) junior to the claims of all Senior Creditors, (b) pari passu with all claims in respect of any Parity Obligations and (c) in priority to claims in respect of all Junior Obligations, as further described in the Preliminary Offering Memorandum
Currency: EUR
Issue Amount: EUR Benchmark
IPTs: MS+345bps Area
Pricing Date: 5 June 2024
Settlement / Issue Date: 10 June 2024 (T+3)
Maturity Date: 10 September 2034, subject as further set out below in “Conditions to Redemption and/or Purchase”
Interest: [•]% per annum from (and including) the Issue Date until (but excluding) the Maturity Date, subject as further set out below in “Mandatory Interest Deferral”
Interest Payment Dates: Payable annually in arrear on 10 September in each year, commencing on 10 September 2024
Optional Early Redemption as from First Call Date: At par at any time from (and including) the First Call Date to (but excluding) the Maturity Date
First Call Date: 10 June 2034, subject as further set out below in “Conditions to Redemption and/or Purchase”
Optional Make-whole Redemption: At any time on or after the fifth anniversary of the Issue Date at the Make-whole Redemption Amount
Make-whole Redemption Margin: [•]% (lower of 50bps and 15% of Re-offer Spread vs Reference Benchmark, rounded up to nearest 5bps)
