Delta Lloyd: € 613 million RMBS issue
June 08 2016 - 1:30AM
Delta Lloyd Bank N.V. (Delta Lloyd Bank), a wholly
owned subsidiary of Delta Lloyd N.V., has successfully securitised
a portfolio of Dutch residential mortgage loans. The issue involved
an amount of € 613.4 million under the name of Arena NHG 2016-1
B.V. (Arena 2016). The loans are backed by the Dutch national
Mortgage Guarantee Scheme (NHG). The transaction is compliant with
the
Dutch Securitisation Association standards and the Prime
Collateralised Securities (PCS) label.
Delta Lloyd has undertaken more than 20
securitisations as part of the Arena programme over the past years.
The Arena programme is considered as one of Europe's
best-performing securitisation programmes. Arena 2016 is the third
Delta Lloyd transaction in which the interest rate risk is
mitigated by an interest rate cap until the first optional
redemption date. Arena 2016 met with very strong interest from
investors.
An amount of € 500 million in Class A Notes
(AAA/Aaa rating) has been placed with a broad group of investors.
Of this amount, € 143 million concerned fast-pay floating-rate
Class A1 Notes of three-month Euribor plus 24 basis points, € 257
million involved floating-rate Class A2 Notes of three-month
Euribor plus 33 basis points and € 100 million consisted of
fixed-rate Class A3 Notes with a coupon of 0.273 %. This
transaction will contribute to the diversification and long-term
funding strategy of Delta Lloyd Bank.
ABN AMRO served as arranger and joint lead manager
in the transaction. Rabobank International and Société Générale
acted as joint lead managers.
More information about this press release:
Delta Lloyd Bank
Hendrik Jan Luikinga +31 (0)20 597 60
18
Media
Relations
+31 (0)20 594 44 88
mediarelations@deltalloyd.nl
Investor
Relations +31
(0)20 594 96 93
ir@deltalloyd.nl
Full press release
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Delta Lloyd via Globenewswire
HUG#2018792
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