NN Bank establishes Covered Bond Programme
(Thomson Reuters ONE) -
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
NN Bank announced today that it has established a EUR 5 billion Conditional
Pass-Through Covered Bond Programme. This programme has received regulatory
approval from De Nederlandsche Bank (DNB). The prospectus for the Covered Bond
Programme dated 20 September 2017 has been approved by the Netherlands Authority
for the Financial Markets (AFM) and is available online: https://www.nn-
group.com/Investors.
Covered bonds issued under the programme are backed by Dutch prime residential
mortgage loans and are expected to be rated AAA by Standard & Poor's Rating
Services.
The NN Bank Covered Bond Programme increases the bank's flexibility to address
its ongoing funding needs by further diversifying its sources of funding, which
currently include RMBS secured wholesale funding and retail deposits.
Press enquiries NN Group Investor enquiries NN Group
Leon Willems Investor Relations
+31 (0) 6 27 329 839 +31 (0) 88 663 5464
Leon.Willems(at)nn-group.com investor.relations(at)nn-group.com
NN Group profile
NN Group is an international insurance and asset management company, active in
18 countries, with a strong presence in a number of European countries and
Japan. With all our employees the Group offers retirement services, pensions,
insurance, investments and banking to approximately 17 million customers. NN
Group's main brands are Nationale-Nederlanden, NN, Delta Lloyd, NN Investment
Partners, ABN AMRO Insurance, Movir, AZL, BeFrank and OHRA. NN Group is listed
on Euronext Amsterdam (NN).
Important legal information
All figures in this document are unaudited. Certain of the statements contained
herein are not historical facts, including, without limitation, certain
statements made of future expectations and other forward-looking statements that
are based on management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such statements.
Actual results, performance or events may differ materially from those in such
statements due to, without limitation: (1) changes in general economic
conditions, in particular economic conditions in NN Group's core markets, (2)
changes in performance of financial markets, including developing markets, (3)
consequences of a potential (partial) break-up of the euro or European Union
countries leaving the European Union, (4) changes in the availability of, and
costs associated with, sources of liquidity as well as conditions in the credit
markets generally, (5) the frequency and severity of insured loss events, (6)
changes affecting mortality and morbidity levels and trends, (7) changes
affecting persistency levels, (8) changes affecting interest rate levels, (9)
changes affecting currency exchange rates, (10) changes in investor, customer
and policyholder behaviour, (11) changes in general competitive factors, (12)
changes in laws and regulations and the interpretation and application thereof,
(13) changes in the policies and actions of governments and/or regulatory
authorities, (14) conclusions with regard to accounting assumptions and
methodologies, (15) changes in ownership that could affect the future
availability to us of net operating loss, net capital and built-in loss carry
forwards, (16) changes in credit and financial strength ratings, (17) NN Group's
ability to achieve projected operational synergies, (18) catastrophes and
terrorist-related events, (19) adverse developments in legal and other
proceedings and (20) the other risks and uncertainties contained in recent
public disclosures made by NN Group.
Any forward-looking statements made by or on behalf of NN Group speak only as of
the date they are made, and, NN Group assumes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new information
or for any other reason.
This document does not constitute an offer to sell, or a solicitation of an
offer to buy any securities.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: NN Group NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.09.2017 - 17:56 Uhr
Sprache: Deutsch
News-ID 560712
Anzahl Zeichen: 5121
contact information:
Town:
THE HAGUE
Kategorie:
Business News
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"NN Bank establishes Covered Bond Programme"
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