ProCredit Holding Completes EUR 150 Million AT1 Issuance

ProCredit Holding AG has successfully finalized its inaugural issuance of Additional Tier 1 (AT1) capital instruments totaling EUR 150 million. This initiative aims to optimize the capital structure of the ProCredit group and support its operational growth in the medium term. The issuance was well-received, with investor demand exceeding three times the available amount.

The AT1 securities carry a fixed annual coupon of 8% until December 3, 2031. They are callable between June 3, 2031, and December 3, 2031, subject to regulatory approval. Following this, the interest rate will reset every five years based on the prevailing Euro swap rate plus a credit spread of 5.195%.

As a result of the transaction, the group's Tier 1 capital ratio is expected to rise by approximately two percentage points to 14.9%, as of March 31, 2026. ProCredit's management views this issuance as a strategic milestone, reflecting strong investor confidence.