SIB and NIBC
have agreed to lend a combined [pounds sterling]18.75 million across the platform.
The expected ratings are based on Fitch's assessment of the underlying collateral, available credit enhancement, the origination and underwriting procedures used by the sellers, the servicing capabilities of NIBC
and STATER Nederland B.V., (STATER) and the legal structure.
BNP Paribas Fortis, NIBC
Bank and SEB joined in syndication as new lenders.
MobileIron's EMM solution secures and manages every device in NIBC
's environment, regardless of whether they are corporate- or personally-owned.
The project will be executed with support from the NIBC
European Infrastructure Fund.
The facility is structured as a limited recourse financing and is fully underwritten by DVB Group Merchant Bank (Asia) Pte Ltd, NIBC
Bank NV, ING Bank NV, China Development Bank and GIEK/Eksportfinans.
The mandated lead arrangers of the facility agreement are Citi, Nordea, Deutsche Bank, ITF Suisse, NIBC
and Fortis Nederland, said a statement from Ince & Company.
By early 2010 the guarantees actually issued amounted to about a quarter of available funds, with several large companies benefiting (Leaseplan, NIBC
Bank, SNS Reaal Bank, ING and Fortis Netherlands).
Norton Rose acted the for lenders, SMBC, Barclays and NIBC
, which committed equal amounts to a total debt commitment of pounds 64m.
Evans, Luke (NIBC
3; Peabody, .Mass.: Hendrickson, 1990) on the significance of Jesus' entree of broiled fish: "Christian resurrection involves far more than the limited idea of a disembodied spirit surviving a physical death.
"It's more to do with experience than specific qualifications," says Ben Hur, founder and chairman of another AML industry association--MRLOs.com--and who is the MLRO for NIBC
Bank NV in the Netherlands.
From giants like UBS AG to Credit Suisse and HSBC and to lesser firms like Dutch bank NIBC
Holding, they snapped up highly rated but eventually dubious securities, in part because everyone else was doing it.