NN Bank debt securities

NN Bank has a Covered Bond programme and an RMBS programme for its secured funding activities, as well as a Debt Issuance Programme for its unsecured funding.

Covered Bond Programme

In September 2017, NN Bank established a EUR 5 billion Conditional Pass-Through Covered Bond Programme, backed by Dutch prime residential mortgage loans.

Type Date of Publication Documentation
Conditional Pass-Through Covered Bond Programme 29 May 2018 Base Prospectus
Conditional Pass-Through Covered Bond Programme 20 September 2017 Base Prospectus

Final Terms

The following bonds have been issued under the Conditional Pass-Through Covered Bond Programme:

ISIN code Amount Fixed coupon Due date Documentation
NL0013019375 €500,000,000 0.625% 11 Sep 2025 Final terms
NL0012650477 €500,000,000 0.50% 10 Oct 2024 Final terms

Investor reports

National Transparency Template Harmonised Transparency Template
June NTT 2018-06 HTT 2018-06
May NTT 2018-05 HTT 2018-05
April NTT 2018-04 HTT 2018-04
March NTT 2018-03 HTT 2018-03
February NTT 2018-02 HTT 2018-02
January NTT 2018-01 HTT 2018-01
National Transparency Template Harmonised Transparency Template
December NTT 2017-12 HTT 2017-12
November NTT 2017-11 HTT 2017-11
October NTT 2017-10 HTT 2017-10

The 2017 annual report of NN Bank can be downloaded from the NN website.

HYPENN Residential Mortgage-Backed Securities (RMBS)

NN Bank offers residential mortgage loans in the Netherlands. Part of the residential mortgage loan pool is used as collateral for the bank’s securitisation programme (“Hypenn” ). These Hypenn RMBS transactions serve three main purposes:

1. To raise funding through public offerings in the capital markets - Hypenn III, IV and VI

2. To raise funding through private placements with individual investors - Hypenn II and V

3. To create collateral for liquidity purposes through retained RMBS - Hypenn I

Date of Issuance Transaction Amount Documentation
8 July 2013 Hypenn RMBS I € 1,765,000,000 Prospectus
16 May 2014 Hypenn RMBS II € 537,500,000 Prospectus
9 April 2015 Hypenn RMBS III € 698,900,000 Prospectus
8 October 2015 Hypenn RMBS IV € 588,236,000 Prospectus
11 April 2016 Hypenn RMBS V € 531,000,000 Prospectus
15 December 2016 Hypenn RMBS VI € 902,400,000 Prospectus

Loan level data and investor reports can be obtained from the Dutch Securitisation Association (DSA) website. On Bloomberg, the transactions can be found under the ticker HYPEN Mtge.

NN Bank Debt Issuance Programme

Type Date of Publication Documentation
Debt Issuance Programme for senior debt 26 August 2016 Base Prospectus