Netherlands: Amstelhuys opens securitisation market in 2011
- Delta Lloyd Group is first to launch securitisation transaction in 2011
- Portfolio of Dutch residential mortgage loans of €700 million
Amstelhuys NV is planning to securitise a portfolio of Dutch residential mortgage loans for an amount of €700 million under the name Arena 2011-1. Amstelhuys is a 100% owned subsidiary of Delta Lloyd NV ("Delta Lloyd Group"). This is the eleventh securitisation transaction undertaken by Delta Lloyd Group under the Arena programme. The previous securitisation of Delta Lloyd in December 2009 was the first after the onset of the credit crisis.
Transaction information
As part of the securitisation transaction, a portfolio of Dutch residential mortgage loans will be transferred from Delta Lloyd to a special purpose entity named Arena 2011-1 BV. Arena 2011-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 Rabobank International and Royal Bank of Scotland.
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More information
Amstelhuys
Hendrik Jan Luikinga, director
+31 (0)20 597 60 18
Delta Lloyd Group
Media relations +31 (0) 20 594 44 88
Investor relations +31 (0) 20 594 96 93
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. Delta Lloyd Group employs 6,100 permanent staff and is listed on NYSE Euronext Amsterdam.