QuantFS GmbH
Bremer Kreditbank AG plans to come up with a new securitization platform for its SME business
Bremer Kreditbank AG plans to come up with a new securitization platform for its SME business Bremer Kreditbank AG will act as sponsor and originator under the newly established securitization platform Weser Funding S.A. The first issuance of EUR 310 million fixed notes will be backed by a pool of primarily German SME loans in an amount of EUR 400 million. Main parties to the transaction are: The bond transaction will have an issuance of EUR 310 million rated senior notes with an expected average life of 54.75 months, including a revolving phase of 3 years. The fixed rate coupon is at the level of 0.80 per cent per annum. Note ratings are expected to be A2 (sf) and A (low) (sf). The transaction structure is designed to meet the collateral criteria of the European Central Bank for asset backed securities. Ratings will be provided by Moody’s Investors Service Limited and DBRS Ratings Limited. Closing anticipated at: May 11, 2017 End of Media Release Issuer: QuantFS GmbH Key word(s): Finance
10.05.2017 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |