28.08.2012

NORD/LB places structured credit product

A premiere for NORD/LB Norddeutsche Landesbank is its launch of Blue Rock as an innovative credit product referencing Infrastructure asset class and sold to an institutional client. Within the framework of the transaction a mezzanine tranche from a high-grade loan portfolio of 20 British infrastructure projects originated and financed by NORD/LB has been placed.

"With Blue Rock we are responding to the growing demand among institutional investors for asset-backed capital market products", explained Dr. Hinrich Holm, NORD/LB Managing Board member with responsibility for the Bank's capital market business. The investor takes the credit risks of the portfolio's mezzanine tranche and in return receives a coupon yielding a higher rate of interest than the current market level. The underlying loan portfolio will continue to be managed by NORD/LB: "On the one hand we have created an innovative investment alternative for institutional investors which, on the other, allows us to reduce our risk-weighted assets at the same time, thus free up capital for the granting of new loans", said Dr. Holm.

NORD/LB has decades of experience and comprehensive expertise in the financing of infrastructure projects. "We see the high degree of interest among capital market investors regarding the Infrastructure asset class as verification that we are on the right track with our placement of Blue Rock", added Dr. Holm.


DISCLAIMER | THIS PRESS RELEASE IS FOR INFORMATION PURPOSES ONLY AND NOTHING IN THIS PRESS RELEASE CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. IN PARTICULAR, THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR THE UNITED KINGDOM. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION. THERE WILL BE NO PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES. THIS PRESS RELEASE IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES OR TO ANY US PERSON (AS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED). IN THE UNITED KINGDOM, THIS PRESS RELEASE IS ONLY BEING DISTRIBUTED TO AND IS ONLY DIRECTED AT PERSONS AT OR TO WHOM IT CAN BE LAWFULLY BE SITRIBUTED OR DIRECTED.


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Friedrichswall 10
30159 Hannover


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