NN Group prices 1 bln euros bond offering

Tuesday, 8 Jul 2014 11:02am EDT 

NN Group NV:Prices 1 bln euros perpetual subordinated bond callable after 11.5 years and every quarter thereafter, subject to regulatory approval.Coupon fixed at 4.50 pct per annum for first 11.5 years and to be floating thereafter.Bond expected to be listed on Euronext Amsterdam.Proceeds to be used for general corporate purposes, including repayment of existing indebtedness.