ABN Amro gained bondholder consent to convert six series of covered bonds from hard into soft bullets at meetings today (Thursday), and will hold meetings for a further four series on 2 April after their quorum or eligibility conditions were not met.

The Dutch bank launched the move to change the terms of its covered bonds to make them soft bullets on 25 February, with ABN Amro, Credit Suisse and Deutsche Bank as solicitation agents. There is a consent fee of 5bp.

The six issues for which consent was gained were: Eu2bn September 2015s (XS0230182338); Eu1.5bn March 2017s (XS0289334368); Eu2bn June 2020s (XS0519053184); Eu1.5bn September 2022s (XS0543370430); and Eu1.5bn January 2024s (XS1020769748).

The four remaining issues are: Eu1.55bn January 2018s (XS0576912124); Eu1.5bn July 2019s (XS0810731637); Eu2bn April 2021s (XS0613145712); and Eu1bn January 2022s (XS0732631824).