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Covered Bond Programme

In March 2022 Van Lanschot Kempen established a € 5,000,000,000 Soft Bullet Covered Bond Programme, for public issuance which are secured by prime Dutch residential mortgages. Van Lanschot Kempen issued multiple covered bonds out of this programme so far.

    The first issuance took place on 27 June 2022 and the second issuance on 31 May 2023. The third covered bond was transferred to the Soft Bullet Covered Bond Programme via a consent solicitation. Further issuances will also take place out of this programme.

     

    Apart from the Soft Bullet Covered Bond Programme, Van Lanschot Kempen also maintains a Conditional Pass Through Covered Bond Programme, for liquidity management purposes (established in 2019). Issues under this programme are retained by Van Lanschot Kempen at issuance.

     

    Van Lanschot Kempen is a member of the Dutch Association of Covered Bond Issuers (DACB) and both programmes are registered with the Dutch Central Bank (DNB) and carry the European Covered Bond (Premium) Label. Issuances under both programmes comply with UCITS and Article 129 CRR.

    Soft Bullet Covered Bond Programme 
     Programme size  € 5.000.000.000 
     Rating  AAA (S&P)
     Most recent update  11 May 2023
     Arrangers   Van Lanschot Kempen and Rabobank
     Asset percentage  82%

    Outstanding Covered Bonds

    ISIN
    Programme*
    Principle amount
    Coupon
    Maturity**
    XS2629466900
    SB CBP
    €500 million
    3.500% fixed rate
    31-05-2026
    XS1565570212
    SB CBP
    €500 million
    0.875% fixed rate
    15-02-2027
    XS2495966637
    SB CBP
    €500 million
    2.500% fixed rate
    27-02-2028

    *Soft Bullet Covered Bond Programme (SB CBP)

    **The extension period is not included in this table.

    Final terms:

    Retained Covered Bond Programme

    For liquidity management purposes Van Lanschot Kempen holds a Retained Conditional Pass-Through Covered Bond Programme. These bonds are not placed by external investors. Investor reports of the Conditional Pass-through Covered Bond Program 2 (CPT CBP 2) can be found in the library, along with all documentation on the program.
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    Documentation

    Additional information about our Covered Bond Programmes can be found in the library.
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