Dutch financial group, ABN Amro Group, has offered to buy back around €3 billion of notes. The securities that are due to mature in April next year were sold by Fortis Bank Nederland Holding in 2009. The state-owned lender has around has €9 billion of outstanding government-guaranteed debt, of which €1.35 billion is due this year, adds Bloomberg. The notes purchased by the Amsterdam-based bank will be cancelled and will not be re-issued or re-sold.
Click here for the release from ABN Amro.
Click here for additional coverage from Bloomberg.