Van Lanschot diversifies funding profile through securitisation transaction
(Thomson Reuters ONE) -
F. van Lanschot Bankiers N.V. successfully completed the sale of ? 750 million
of securitised Dutch mortgage loans to the market on 29 November 2010. This RMBS
(Residential Mortgage-Backed Securities) transaction comprised a ? 250 million
tranche (A1 notes) and a ? 500 million tranche (A2 notes) under the Citadel
2010-I programme. The notes - which were oversubscribed - were placed with a
wide group of institutional investors.
With this transaction, which forms part of the bank's general funding
activities, Van Lanschot has attracted new external funding with a two-year term
(A1 notes) and a five-year term (A2 notes). The transaction improves the
diversification of the bank's funding, thereby also further strengthening the
bank's solidity. Van Lanschot's funding ratio - the extent to which the loan
book is funded by customer deposits - remains strong at over 81% at
30 September 2010.
The notes have AAA ratings from Standard & Poor's and Fitch. The transaction was
led by a syndicate of BNP Paribas, ING and Rabobank International.
's-Hertogenbosch, 1 December 2010
Van Lanschot Media Relations: Etienne te Brake, Corporate Communication
spokesperson
Telephone +31 (0)73 548 30 26; mobile +31 (0)6 12 505 110; e-
maile.tebrake(at)vanlanschot.com
Van Lanschot Investor Relations: Geraldine Bakker-Grier, Investor Relations
Manager
Telephone +31 (0)73 548 33 50; mobile +31 (0)6 13 976 401; e-
mailg.a.m.bakker(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 focuses on three target groups: high net-worth individuals, medium-
sized businesses (including family businesses) and institutional investors. Van
Lanschot stands for high-quality services founded on integrated advice, personal
service and customised solutions. Van Lanschot NV is listed on Euronext
Amsterdam.
[HUG#1467364]
Press release (PDF):
http://hugin.info/133415/R/1467364/404987.pdf
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Source: Van Lanschot via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 01.12.2010 - 08:30 Uhr
Sprache: Deutsch
News-ID 49284
Anzahl Zeichen: 2829
contact information:
Town:
's-Hertogenbosch
Kategorie:
Business News
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