Dutch insurer Achmea BV plans to redeem €600 million of its perpetual 6% capital securities on Nov. 1.
The securities will be redeemed at their principal amount, together with all outstanding payments. Achmea will use available funds to pay for the redemption.
Trading in the capital securities will be suspended Oct. 30.
The company said it is optimizing its capital structure owing to the recent issuance of €750 million of notes and the upcoming redemption.
