Covered bonds
As part of its funding strategy, NN Bank raises secured funding. It primarily relies on the issuance of Soft Bullet covered bonds as the main secured funding source to finance balance sheet growth.
Soft Bullet Covered Bond Programme
In June 2020, NN Bank established a Soft Bullet Covered Bond Programme, backed by Dutch prime residential mortgage loans. This programme is used for funding purposes (capital market covered bond issuances) and liquidity purposes (retained covered bond issuances). Prior to the launch of the Soft Bullet Covered Bond Programme, NN Bank used a Conditional Pass-Through (CPT) Covered Bond Programme. Following a successful consent solicitation in April 2022, all former CPT covered bonds novated to the Soft Bullet Covered Bond Programme. In May 2022 the CPT Covered Bond Programme was terminated. Documentation of the CPT Programme is available on request.
Soft Bullet Documentation
Type | Date of publication | Documentation |
---|---|---|
Soft Bullet Covered Bond Programme | 18 July 2024 | Base Prospectus |
Type | Date of publication | Documentation |
---|---|---|
Supplement to the Base Prospectus | 30 August 2023 | 1st Supplement to the Base Prospectus |
Soft Bullet Covered Bond Programme | 8 August 2023 | Base Prospectus |
Supplement to the Base Prospectus | 2 May 2023 | 3rd Supplement to the Base Prospectus 2022 |
Supplement to the Base Prospectus | 13 February 2023 | 2nd Supplement to the Base Prospectus 2022 |
Type | Date of publication | Documentation |
---|---|---|
Supplement to the Base Prospectus | 27 September 2022 | 1st Supplement to the Base Prospectus 2022 |
Soft Bullet Covered Bond Programme | 6 July 2022 | Base Prospectus |
Supplement to the Base Prospectus | 25 April 2022 | 1st Supplement to the Base Prospectus |
Type | Date of publication | Documentation |
---|---|---|
Soft Bullet Covered Bond Programme | 29 June 2021 | Base Prospectus |
Supplement to the Base Prospectus | 19 February 2021 | 2nd Supplement to the Base Prospectus |
Type | Date of publication | Documentation |
---|---|---|
Soft Bullet Covered Bond Programme | 18 June 2020 | Base Prospectus |
Supplement to the Base Prospectus | 14 September 2020 | 1st Supplement to the Base Prospectus |
Soft Bullet Final Terms
The following bonds have been issued under the Soft Bullet Covered Bond Programme for funding purposes:
Series name | ISIN code | Amount | Fixed coupon | Due date | Documentation |
---|---|---|---|---|---|
16 | NL0015001R87 | €750,000,000 | 3.625% | 16 October 2026 | Final Terms |
13 (Green) | NL0015001BV1 | €750,000,000 | 3.250% | 28 May 2027 | Final Terms |
12 (Green) | NL0015000WP1 | €500,000,000 | 1.875% | 17 May 2032 | Final Terms |
11 | NL0013995095 | €500,000,000 | 0.125% | 24 Sep 2029 | Final Terms |
10 | NL0013423155 | €20,000,000 | 1.432% | 21 Mar 2039 | Final Terms |
9 | NL0013423122 | €25,000,000 | 1.400% | 18 Mar 2039 | Final Terms |
7(2) | NL0013088990 | €50,000,000 | 1.000% | 25 Sep 2028 | Final Terms |
7 | NL0013088990 | €500,000,000 | 1.000% | 25 Sep 2028 | Final Terms |
6 | NL0013019375 | €500,000,000 | 0.625% | 11 Sep 2025 | Final Terms |
5 | NL0012650477 | €500,000,000 | 0.500% | 10 Oct 2024 | Final Terms |
4 | NL00150008B6 | €500,000,000 | 0.375% | 4 March 2041 | Final Terms |
3 | NL00150002A1 | €250,000,000 | 0.05% | 12 Nov 2040 | Final Terms |
2 | NL0015614611 | €500,000,000 | 0.05% | 24 Sep 2035 | Final Terms |
1 | NL0015436072 | €500,000,000 | 0.01% | 8 Jul 2030 | Final terms |
Retained Soft Bullet Final Terms
The following bonds have been issued under the Soft Bullet Covered Bond Programme and are retained by NN Bank to create collateral for liquidity purposes:
Series name | ISIN code | Amount | Fixed coupon | Due date | Documentation |
---|---|---|---|---|---|
15 | NL0015001MU0 | €750,000,000 | 3.295% | 6 Sep 2030 | Final Terms |
14 | NL0015001GS6 | €1,250,000,000 | 3.195% | 9 Jun 2032 | Final Terms |
Soft Bullet Investor Presentations
Type | Date of publication | Documentation |
---|---|---|
NN Bank Soft Bullet Covered Bond Programme | 14 October 2024 | Investor Presentation |
NN Bank Soft Bullet Covered Bond Programme | 18 April 2024 | Investor Presentation |
Type | Date of publication | Documentation |
---|---|---|
NN Bank Soft Bullet Covered Bond Programme | 12 September 2023 | Investor Presentation |
NN Bank Soft Bullet Covered Bond Programme | 17 May 2023 | Investor Presentation |
Type | Date of publication | Documentation |
---|---|---|
NN Bank Soft Bullet Covered Bond Programme | 14 September 2022 | Investor Presentation |
NN Bank Soft Bullet Covered Bond Programme | 9 May 2022 | Investor Presentation |
Type | Date of publication | Documentation |
---|---|---|
NN Bank Soft Bullet Covered Bond Programme | 22 February 2021 | Investor Presentation |
Type | Date of publication | Documentation |
---|---|---|
NN Bank Soft Bullet Covered Bond Programme | 15 September 2020 | Investor Presentation |
NN Bank Soft Bullet Covered Bond Programme | 29 June 2020 | Investor Presentation |
Soft Bullet Documentation
Covered Bond Company annual reports
Soft Bullet Investor Reports
National Transparency Template | Harmonised Transparency Template | |
---|---|---|
September | NTT SB 2024-9 | HTT SB 2024-9 |
August | NTT SB 2024-8 | HTT SB 2024-8 |
July | NTT SB 2024-7 | HTT SB 2024-7 |
June | NTT SB 2024-6 | HTT SB 2024-6 |
May | NTT SB 2024-5 | HTT SB 2024-5 |
April | NTT SB 2024-4 | HTT SB 2024-4 |
March | NTT SB 2024-3 | HTT SB 2024-3 |
February | NTT SB 2024-2 | HTT SB 2024-2 |
January | NTT SB 2024-1 | HTT SB 2024-1 |
National Transparency Template | Harmonised Transparency Template | |
---|---|---|
December | NTT SB 2023-12 | HTT SB 2023-12 |
November | NTT SB 2023-11 | HTT SB 2023-11 |
October | NTT SB 2023-10 | HTT SB 2023-10 |
September | NTT SB 2023-9 | HTT SB 2023-9 |
August | NTT SB 2023-8 | HTT SB 2023-8 |
July | NTT SB 2023-7 | HTT SB 2023-7 |
June | NTT SB 2023-6 | HTT SB 2023-6 |
May | NTT SB 2023-5 | HTT SB 2023-5 |
April | NTT SB 2023-4 | HTT SB 2023-4 |
March | NTT SB 2023-3 | HTT SB 2023-3 |
February | NTT SB 2023-2 | HTT SB 2023-2 |
January | NTT SB 2023-1 | HTT SB 2023-1 |
National Transparency Template | Harmonised Transparency Template | |
---|---|---|
December | NTT SB 2022-12 | HTT SB 2022-12 |
November | NTT SB 2022-11 | HTT SB 2022-11 |
October | NTT SB 2022-10 | HTT SB 2022-10 |
September | NTT SB 2022-9 | HTT SB 2022-9 |
August | NTT SB 2022-8 | HTT SB 2022-8 |
July | NTT SB 2022-7 | HTT SB 2022-7 |
June | NTT SB 2022-6 | HTT SB 2022-6 |
May | NTT SB 2022-5 | HTT SB 2022-5 |
April | NTT SB 2022-4 | HTT SB 2022-4 |
March | NTT SB 2022-3 | HTT SB 2022-3 |
February | NTT SB 2022-2 | HTT SB 2022-2 |
January | NTT SB 2022-1 | HTT SB 2022-1 |
National Transparency Template | Harmonised Transparency Template | |
---|---|---|
December | NTT SB 2021-12 | HTT SB 2021-12 |
November | NTT SB 2021-11 | HTT SB 2021-11 |
October | NTT SB 2021-10 | HTT SB 2021-10 |
September | NTT SB 2021-9 | HTT SB 2021-9 |
August | NTT SB 2021-8 | HTT SB 2021-8 |
July | NTT SB 2021-7 | HTT SB 2021-7 |
June | NTT SB 2021-6 | HTT SB 2021-6 |
May | NTT SB 2021-5 | HTT SB 2021-5 |
April | NTT SB 2021-4 | HTT SB 2021-4 |
March | NTT SB 2021-3 | HTT SB 2021-3 |
February | NTT SB 2021-2 | HTT SB 2021-2 |
January | NTT SB 2021-1 | HTT SB 2021-1 |
National Transparency Template | Harmonised Transparency Template | |
---|---|---|
December | NTT SB 2020-12 | HTT SB 2020-12 |
November | NTT SB 2020-11 | HTT SB 2020-11 |
October | NTT SB 2020-10 | HTT SB 2020-10 |
September | NTT SB 2020-9 | HTT SB 2020-9 |
August | NTT SB 2020-8 | HTT SB 2020-8 |
July | NTT SB 2020-7 | HTT SB 2020-7 |
May | HTT SB 2020-5 |