OLB Secures Strong Interest with Second RMBS Transaction

Oldenburgische Landesbank AG (OLB) has announced the successful issuance of its second Residential Mortgage-Backed Securities (RMBS) transaction at benchmark level. The transaction drew significant international interest, with the order book oversubscribed 2.6 times. This RMBS bond, backed by private mortgage loans from Tulp Hypotheken in the Netherlands, emphasizes OLB's strategy to expand capital market activities.

The bond maintained a volume of EUR 500 million, matching the bank's initial offering in February. It attracted a diverse group of institutional investors throughout Europe. OLB's CFO, Dr. Rainer Polster, expressed satisfaction with the continued investor interest, highlighting the bank's commitment to a reliable capital market presence.

Supported by ABN AMRO Bank and Unicredit, OLB aims to reinforce its position in the securitisation market, leveraging its presence in both the Dutch and German mortgage sectors. This transaction underscores investor confidence in OLB's securitisation strategy and future market expansion efforts.