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.
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