Amstelhuys NV plans to securitize a portfolio of Dutch residential mortgage loans for an amount of €900 million under the name of Arena 2009-I.
- Amstelhuys: Securitisation transaction
Amstelhuys NV plans to securitize a portfolio of Dutch residential mortgage loans for an amount of €900 million under the name of Arena 2009-I. 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.
As part of the securitisation transaction, a portfolio of Dutch residential mortgage loans will be transferred to a special purpose entity, Arena 2009-I BV, set up for this purpose. Arena 2009-I BV will finance the purchase of the Dutch residential mortgage loans by issuing notes on the capital market. The notes will be placed by 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)20 594 44 88 (press only)
E-mail: 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.