NIBC lists €500 million bond on Euronext Amsterdam


Amsterdam, Brussels, Lisbon, Paris – 8 April 2014 – Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), today announced that NIBC Bank

listed its successfully launched EUR 500 million conditional pass through covered bond on Euronext Amsterdam (ISIN XS1054163347).

The issue followed the inaugural and innovative EUR 500 million transaction of October 2013, that gained worldwide recognition and won the IFR Covered Bond of the Year Award.

The conditional pass through covered bond differs from existing bonds, due to the absence of derivatives and inclusion of an orderly wind-down mechanism subject to strict conditions. NIBC’s conditional pass through covered bond program is Dutch law based and backed by a pool of Dutch residential mortgage loans. The program is registered with the Dutch Central Bank and benefits from a favourable regulatory treatment. These features create more stability in ratings and structure. The bonds are expected to be rated AAA by both Fitch and S&P.

The deal was very well received in the market. The order book was three times oversubscribed with a total of around EUR 1.5 billion, underlining the interest shown by institutional investors from among others Germany, the Netherlands, the United Kingdom, France and the Nordic countries”, said Niek Allon, Associate Director Treasury of NIBC Bank.

“We welcome the listing of this NIBC bond on Euronext Amsterdam,” said Anne Louise Metz, Head of Listing Euronext Amsterdam.”Bonds like this are part of the broad spectrum of instruments we at Euronext are listing in order to support a range of financing sources for our issuers.”

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Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With more than 1,900 listed issuers and around €6.5 trillion in market capitalisation as of end June 2023, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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