Reaction on the Dutch Government’s intention to cancel tax deductibility of Restricted Tier 1 coupons
3 juli 2018
VIVAT has taken notice of the press release issued by the Ministry of Finance regarding the Dutch government’s intention to cancel the tax deductibility of specific loss absorbing instruments, such as VIVAT’s RT1 (Restricted Tier 1) instrument, as from 1 January 2019. VIVAT’s view on the role of RT1 in its capital structure has not changed by this announcement.
Based on the aforementioned announcement by the Ministry of Finance, VIVAT has no intention to exercise a potential call option triggered by a tax event with respect to its EUR 300 million 7.00%, perpetual RT1 (XS 1835946564) instrument.