Van Lanschot successfully completed the sale of 750 million of securitised Dutch mortgage loans in the secondary market on 4 April 2013. On the back of high demand, the notes were placed with a wide group of European institutional investors.
With this transaction, which forms part of the bank's general funding activities, Van Lanschot has attracted new external long-term funding. The notes are priced at a spread of 95 basis points. This transaction leads to a further strengthening and diversification of the bank's funding profile.
The notes have AAA ratings from Standard & Poor's and Fitch.
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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. The bank offers high-quality financial services to high net-worth Individuals, entrepreneurs and their businesses and institutional investors. Van Lanschot NV is listed on Euronext Amsterdam.
The press release can be downloaded from the following link: