BAM will use the proceeds to repay its existing subordinated loan and for general corporate purposes. The bonds will be convertible into ordinary shares of BAM, with an annual coupon of 3.50% and a conversion premium of 32.5%. The bonds are expected to be issued and settled on or around 13 June 2016. Application will be made for the bonds to be admitted to trading on the Open Market segment of the Frankfurt Stock Exchange. The transaction is governed by Dutch law and uses a trustee structure.
Jan Willem Hoevers, Jan Marten van Dijk (lead partners), Pieter Hooghoudt, Teodora Kasabova, Pim van Leersum, and Johan Valk.