NIBC Covered Bonds has won the IFR’s (International Financing Review) 2013 Covered Bond Award for the conditional pass-through covered bond program. The NautaDutilh Securitisations team has set up and drafted this program for NIBC Bank N.V.
The IFR Award is one of the most prestigious awards in the global capital markets. This conditional pass-through covered bond program creates new and exciting opportunities for the covered bond market. "From a structural perspective this deal represents the most important step forward for the covered bond market since the introduction of soft bullets," said Christoph Anhamm, head of covered bond origination at RBS.
The NautaDutilh team assisting NIBC consisted of Arjan Scheltema, Elianne Bär, Nico Blom, Wijnand Bossenbroek and Inge Wolswijk.
Please click here to see IFR's article on the condition pass-through covered bond program ''NIBC's €500m five-year bond starting a revolution".