Delta Lloyd confirms the pricing of the Arena 2009-1 securitisation of a portfolio of Dutch residential mortgages.
Delta Lloyd confirms the pricing of the Arena 2009-1 securitisation of a portfolio of Dutch residential mortgages. The Arena 2009-I Class A1 Notes have been priced at 110 basis points over one-month Euribor, and the Class A2 notes, have been priced at 140 basis points over one-month Euribor. Both tranches will be rated triple-A by S&P and Moody’s.
The bonds will be issued by a special-purpose vehicle, Arena 2009-1, and are backed by prime Dutch mortgage loans made by Amstelhuys.
Amstelhuys is a 100% owned subsidiary of Delta Lloyd NV (“Delta Lloyd Group”). This is the 10th securitisation transaction undertaken by Delta Lloyd Group under the Arena programme. Joint book runners of this transaction: Natixis, Rabobank International and Royal Bank of Scotland.
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Further information:
Delta Lloyd Group Corporate Communications
+31 (0)20 594 49 63
+31 (0)20 597 6018 (Arena transaction details only)
+31 (0)20 594 44 88 (press only)
CC@deltalloyd.nl
Notes to editors:
About Delta Lloyd Group
Delta Lloyd Group is a financial services provider offering life insurance, general insurance, fund management and banking products and services. Delta Lloyd Group’s target markets are the Netherlands and Belgium. In the Netherlands it mainly operates under the brand names of Delta Lloyd, OHRA and ABN AMRO Insurance, in Belgium under the Delta Lloyd brand.
In the Netherlands, Delta Lloyd Group’s multi-brand, multi-channel strategy permits it to distribute its insurance and other financial services products to a broad range of existing and potential customers. Through these different distribution networks, Delta Lloyd Group has access to approximately six million existing and potential customers in the Netherlands, including approximately four million existing customers of ABN AMRO Bank and approximately one million customers in Belgium.
Delta Lloyd Group believes that its broad distribution network, strong brand recognition and diverse product mix are key competitive strengths. In particular, the Delta Lloyd Group looks to further grow the business by leveraging its expertise in the group pensions market, increasing customer penetration levels within the ABN AMRO bancassurance joint venture and expanding the wealth accumulation through the strength of the asset management franchise.
In addition, the Delta Lloyd Group believes that its successful experiences with selective acquisitions and alliances, capital strength and market presence have positioned the Delta Lloyd Group to take advantage of future consolidation opportunities which present the possibility for synergies.
Delta Lloyd Group Strategy
Delta Lloyd Group's goal is to be recognised as the most reliable and highly regarded insurer and financial services provider in its targeted markets, offering customers security through risk assurance, income protection and wealth creation. In the medium term, Delta Lloyd Group aims to become one of the three largest insurance companies in the Dutch market and one of the five largest insurance companies in the Belgian market.
Delta Lloyd Group's strategy to achieve these aims emphasises leveraging its broad distribution platform and strong brand and product offerings to increase market share, pursuing a continuous effort to improve cost efficiency and enhance profitability, and using its strong financial position to take advantage of acquisition opportunities as they arise. Clear and specific financial targets have been set in order to help Delta Lloyd Group measure its progress.
Delta Lloyd Group believes that the strategy will be successful in enhancing shareholder value and enabling Delta Lloyd Group to deliver long-term benefits to all of its stakeholders: customers, shareholders, distribution partners, employees, suppliers and the community at large.