In March 2022 Van Lanschot Kempen established a € 5,000,000,000 Soft Bullet Covered Bond Programme, for public issuance which are secured by prime Dutch residential mortgages. Van Lanschot Kempen issued multiple covered bonds out of this programme so far.
The first issuance took place on 27 June 2022 and the second issuance on 31 May 2023. The third covered bond was transferred to the Soft Bullet Covered Bond Programme via a consent solicitation. Further issuances will also take place out of this programme.
Apart from the Soft Bullet Covered Bond Programme, Van Lanschot Kempen also maintains a Conditional Pass Through Covered Bond Programme, for liquidity management purposes (established in 2019). Issues under this programme are retained by Van Lanschot Kempen at issuance.
Van Lanschot Kempen is a member of the Dutch Association of Covered Bond Issuers (DACB) and both programmes are registered with the Dutch Central Bank (DNB) and carry the European Covered Bond (Premium) Label. Issuances under both programmes comply with UCITS and Article 129 CRR.
Soft Bullet Covered Bond Programme
Programme size
€ 5.000.000.000
Rating
AAA (S&P)
Most recent update
11 May 2023
Arrangers
Van Lanschot Kempen and Rabobank
Asset percentage
82%
Outstanding Covered Bonds
ISIN
Programme*
Principle amount
Coupon
Maturity**
XS2629466900
SB CBP
€500 million
3.500% fixed rate
31-05-2026
XS1565570212
SB CBP
€500 million
0.875% fixed rate
15-02-2027
XS2495966637
SB CBP
€500 million
2.500% fixed rate
27-02-2028
*Soft Bullet Covered Bond Programme (SB CBP)
**The extension period is not included in this table.
Final terms:
This instrument is issued under Van Lanschot Kempen’s Soft Bullet Covered Bond Programme.
For liquidity management purposes Van Lanschot Kempen holds a Retained Conditional Pass-Through Covered Bond Programme. These bonds are not placed by external investors. Investor reports of the Conditional Pass-through Covered Bond Program 2 (CPT CBP 2) can be found in the library, along with all documentation on the program.