Van Lanschot successfully launches inaugural ?500 million Conditional Pass-Through Covered Bond
(Thomson Reuters ONE) -
's-Hertogenbosch, the Netherlands, 28 April 2015
Last week, Van Lanschot successfully launched its inaugural ?500 million 7-year
Conditional Pass-Through Covered Bond with a 0.275% coupon. The deal had a final
order book of over ?1.4 billion and was placed with a broad range of European
institutional investors. Some non-European investors also participated.
The bonds are expected to be rated AAA by both S&P and Fitch rating agencies.
The Van Lanschot Conditional Pass-Through Covered Bond Programme is Dutch law-
based and backed by a pool of Dutch residential mortgage loans. It is registered
with De Nederlandsche Bank (DNB) and is both UCITS- and CRD-compliant.
This transaction, which forms part of Van Lanschot's general funding activities,
has helped Van Lanschot to attract new external long-term funding, and brings a
further strengthening and diversification of the bank's funding profile.
Van Lanschot has mandated BNP Paribas, Credit Suisse, LBBW, Natixis and Rabobank
as Joint Lead Managers for the transaction.
ADDITIONAL INFORMATION
For additional information, please visit
https://corporate.vanlanschot.nl/cptcbp.
Media Relations: +31 20 354 45 85; mediarelations(at)vanlanschot.com
Investor Relations: +31 20 354 45 90; investorrelations(at)vanlanschot.com
Van Lanschot NV is the holding company of F. van Lanschot Bankiers NV, the
oldest independent bank in the Netherlands with a history dating back to 1737.
Van Lanschot, a wealth manager operating under the Van Lanschot and Kempen & Co
brand names, is active in Private Banking, Asset Management and Merchant
Banking, with the aim of preserving and creating wealth for its clients. Van
Lanschot NV is listed on Euronext Amsterdam.
Disclaimer
This document does not constitute an offer or solicitation for the sale,
purchase or acquisition in any other way or subscription to any financial
instrument and is not an opinion or a recommendation to perform or refrain from
performing any action.
This document is a translation of the Dutch original and is provided as a
courtesy only. In the event of any disparities, the Dutch version shall prevail.
No rights can be derived from the translated document.
Van Lanschot press release covered bond:
http://hugin.info/133415/R/1916091/685007.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Van Lanschot via GlobeNewswire
[HUG#1916091]
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2015 - 17:01 Uhr
Sprache: Deutsch
News-ID 389172
Anzahl Zeichen: 3143
contact information:
Town:
's-Hertogenbosch
Kategorie:
Business News
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"Van Lanschot successfully launches inaugural ?500 million Conditional Pass-Through Covered Bond"
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