News

Zur News-Übersicht

IKB and KfW close EUR 2.4 billion transaction via the PROMISE securitisation platform

IKB Deutsche Industriebank AG and KfW Bankengruppe yesterday closed the PROMISE-I Mobility 2006-1 transaction, securitising EUR 2.4 billion in loans to medium-sized enterprises. The exposure was securitised synthetically, allowing IKB to maintain the loans on its books and to continue the related business relationships with its clients.

PROMISE-I Mobility 2006-1 is the sixth transaction jointly concluded by IKB and KfW: IKB thus continues to pursue its strategy of actively managing its credit portfolio, comprising an attractive mix of existing exposures and new business. The relief on regulatory and economic equity provided by the securitisation provides IKB with additional scope for new loans to medium-sized businesses.

The PROMISE-I Mobility 2006-1 portfolio comprises 946 individual loans to 614 medium-sized enterprises, with a maximum term of 8 years. In a synthetic securitisation, KfW assumes the default risk exposure of IKB's underlying credit portfolio, subsequently placing the risk on the capital market.

The transaction was arranged by Deutsche Bank AG, who lead-manages the placement in the international capital and swaps markets. The Credit-Linked Notes (CLNs) issued on the capital market in connection with the securitisation were rated by Moody's and Fitch. The transaction was priced on 24 November 2006.

Being the first joint IKB/KfW securitisation transaction using a German special purpose entity as the CLN issuer, PROMISE-I Mobility 2006-1 also strengthens the German financial marketplace.

IKB and KfW had used the PROMISE platform to place IKB's first portfolio of exposures to medium-sized businesses at the end of 2000: In the meantime, IKB has placed an aggregate nominal volume of EUR 11.8 billion through securitisation platforms managed by KfW.

With this transaction KfW concludes this year's activities in the area of securitisation of SME loans. The total volume of transactions launched in 2006 to securitise risks from SME loans amounts to approximately EUR 10 billion. This is the highest annual figure recorded since the securitisation platform was set up in 2000.

KfW, Frankfurt

Ihre Ansprechpartner

Für kapitalsuchende Unternehmen und Business Angels / Investoren:
Jochen Oelmann +49 (0)2161 - 30 38 525
+49 (0)172 - 31 42 52 4
Für Kooperationspartner:
Sebastian Pabst +49 (0)2161 - 30 38 525
+49 (0)151 - 240 28 101

Gelistete Investoren

Investoren Gesamt: 1116
Business Angels: 769
Family Offices: 52
Venture Capital-/ Private Equity-Gesellschaften: 295

Gelistete Unternehmen

YouPower - Ein dezentrales Versorgungskonzept, bei dem große Wohn-, Gewerbe- & Spezialimmobilien mit vor Ort erzeugtem/r Strom & Wärme versorgt werden
UNT-0767-MAT
snics. Tracks Your Food the Easy Way. Ein Foto > Kalorien gezählt. Revolutionäre Einfachheit in der Erfassung von Nährwerten durch automatische Bilderkennung mittels künstlicher Intelligenz
UNT-2026-MAT
Tiny House. Weitgehend autarke Häuser aus Holz – als mobiler Zweitwohnsitz, Ferien- oder Gästewohnung, Reisen, Messen und Roadshows. Innovativer Trend aus USA. Bei uns mit 60 Jahren Historie.
UNT-8945-MAT
cleanenergypack (cep) ist ein offener, patentrechtlich geschützter Standard zum automatischen Wechseln von Batteriepaketen für Elektroautos in < 1 Minute.
UNT-7253-MAT
ENSIDER erste branchenspezifische Algorithmus-basierte Job-Plattform für 420.000 temporär abhängig Beschäftigte in Film, Fernseh, Show etc. in Abstimmung mit relev. Berufsverbänden Deutschlands.
UNT-9619-MAT
Qash is an electronic payments platform that allows costumers and stores to get fintech services and products without the need of providing credit card credentials or contracting additional hardware.
UNT-1890-MAT