Funding programmes

SNS Bank and SNS REAAL utilise a number of funding programmes. One of the programmes SNS Bank has access to is a euro medium-term bond programme up to a maximum of € 25 billion, which is used to issue listed and unlisted bonds.

Of that sum, € 9.9 billion was outstanding at the end of 2010. SNS Bank is flexible in the issue of both listed and unlisted bonds and issues both straightforward ‘plain vanilla’ bonds and structured medium-term bonds. SNS REAAL has access to a euro medium-term bond programme up to a maximum of € 2 billion, which is used to issue listed and unlisted bonds. Of that sum, € 0.8 billion was outstanding at the end of 2010. SNS REAAL is flexible in the issue of straightforward ‘plain vanilla’ bonds and structured medium-term bonds.

State Guaranteed Issuance

€ 2 billion bond issue 2009-2012 under guarantee by the Dutch State

Debt Issuance Programme of SNS Bank N.V. and SNS REAAL N.V.

€ 15 billion covered bond programme

€ 3 billion medium-term bond programme

€ 4 billion short-term debt notes programme

€ 4 billion French short-term debt notes programme

Debt notes covered by residential mortgages (securitisations)

€ 400 million subordinated bonds issue 2011-2041 by SRLEV N.V.

CHF 105 million subordinated bonds issue by SRLev N.V.

SNS REAAL

SNS REAAL N.V.’s funding activities on the capital markets are limited. SNS REAAL N.V. has access to a medium-term note programme to a maximum of € 2 billion.