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.

 

More information
Media Relations: +31 20 354 45 85; mediarelations@vanlanschotkempen.com
Investor Relations: +31 20 354 45 90; investorrelations@vanlanschotkempen.com