NN Bank completes second public RMBS transaction
8 October 2015 | NN Bank completes second public RMBS transaction
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NN Bank, a subsidiary of NN Group, has today successfully closed its second public residential mortgage backed securitisation transaction (RMBS), raising an amount of EUR 550 million in funding from institutional investors. This transaction, Hypenn RMBS IV, is NN Bank’s fourth RMBS transaction and the second to be publicly placed with a broad group of European institutional investors.
With this transaction, NN Bank has attracted new long-term funding, as part of its diversified funding strategy..
The prospectus for this transaction is available for download here.
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The banking business of Nationale-Nederlanden in the Netherlands offers a range of banking products that are complementary to NN's life and non-life insurance products, including mortgages and savings products.
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