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Published on 8/17/2010 in the Prospect News Liability Management Daily.

Fortis Capital calls all €87.49 million of 6.25% perpetual preferreds

By Susanna Moon

Chicago, Aug. 17 - Fortis Capital Co. Ltd. said it is calling for redemption all of its non-cumulative non-voting perpetual class A series 1 preference shares.

FCC issued €450 million of 6.25% non-cumulative non-voting perpetual class A series 1 preference shares 1999.

Fortis said a paid-up value of €87,489,000 remained outstanding following the cash settlement of June 29, 2009.

The preferreds are listed on Euronext Amsterdam.

As a result of ABN Amro Bank NV's acquisition of Fortis Bank (Nederland) NV, Fortis Capital, established in Jersey, Channel Islands, has become a subsidiary of ABN Amro, according to the company's press release.

ABN Amro is a bank based in Amsterdam.


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