DSTA: Second auction for ING Illiquid Assets Back-up Facility assets launched today

  DSTA: Second auction for ING Illiquid Assets Back-up Facility assets
  launched today

Business Wire

THE HAGUE, The Netherlands -- January 10, 2014

Today the Dutch State Treasury Agency (DSTA) has launched a competitive
auction for the securities underlying the ING Illiquid Assets Back-up Facility
(IABF).

The auction will be conducted by BlackRock Solutions as advisor to the DSTA
and will comprise $4.27 billion Current Face across 360 non-agency residential
mortgage backed securities (RMBS). For a complete lists of securities that
will be auctioned: http://www.dsta.nl/english/Subjects/IABF

Six broker dealers have been invited exclusively to submit bids for the
portfolio based on the strength of their reverse inquiries. The dealers are:

  *Bank of America Merrill Lynch
  *Barclays
  *Citigroup
  *Credit Suisse
  *Goldman Sachs
  *Morgan Stanley

Bids are due on 16 January at 10:00am EST/16:00 CET.

The decision to allocate will be based on the strength of the final bids. The
DSTA reserves the right to postpone the auction if market circumstances
change.

Please visit the DSTA website: http://www.dsta.nl/english/Subjects/IABF for
additional information.

Contact:

Dutch State Treasury Agency
Steef Akerboom
+31 70 342 4099
 
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