NN Bank establishes Debt Issuance Programme
29 August 2016 | NN Bank establishes Debt Issuance Programme
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NN Bank today announced that it has established a Wholesale Debt Issuance Programme (DIP), allowing for the issuance of senior unsecured debt instruments. The prospectus for the DIP dated 26 August 2016 has been approved by the Netherlands Authority for the Financial Markets (AFM) and is available online: NN Bank funding programme.
The NN Bank DIP increases the bank’s flexibility to address its ongoing funding needs by further diversifying its sources of funding, which currently include RMBS secured wholesale funding and retail deposits. NN Bank is a wholly-owned subsidiary of NN Group. For its own funding activities, NN Group has a separate Debt Issuance Programme to facilitate the issuance of senior and subordinated debt.
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