The Dutch State Treasury Agency Sells $5.1 Billion in Face Value of ING Illiquid Assets Back-up Facility Assets Business Wire THE HAGUE, Netherlands -- December 11, 2013 Today the Dutch State Treasury Agency (DSTA) sold $5.1 billion in face amount across 316 US non-agency RMBS securities from the ING Illiquid Assets Back-up Facility (IABF) portfolio through a competitive process to all dealers. The allocation per dealer is shown in the following table: Allocated Current Face Bidder ($ millions) Bank of America Merrill Lynch 1,849 Credit Suisse 659 Deutsche Bank 553 Goldman Sachs 1,269 Morgan Stanley 788 The detailed results of the auction will be published when the total portfolio, amounting to $11.6 billion, has been sold. At that time the total proceeds for the Dutch State will also be clear and presented. Prices and proceeds will not be published during the auction process. The remaining size of the portfolio has a face value of $6.5 billion. As stated before, it is the intention to sell the complete portfolio within 12 months. New auctions or related announcements will be placed on the DSTA website: http://www.dsta.nl/english/Subjects/IABF. Contact: Dutch State Treasury Agency Steef Akerboom +31 70 342 4099
The Dutch State Treasury Agency Sells $5.1 Billion in Face Value of ING Illiquid Assets Back-up Facility Assets
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