May 29th 2015

Dilosk Limited successfully closes Inaugural Public Bond Issuance

Irish financial services company, Dilosk Limited, has successfully raised €206 million in its inaugural public bond issuance backed by residential mortgages. The investor demand was strong and the deal was oversubscribed.  The transaction consisted of 4 classes of bonds which were placed with third party institutional investors located throughout Europe.  The bonds were issued by Dilosk RMBS No.1 Limited, and are rated by Standard & Poor’s and DBRS rating agencies.  The bonds are rated from AAA to BBB and the Class Z bonds (not rated) were not offered to investors and have been retained by Dilosk limited.  The bonds are listed on the Irish Stock Exchange.  Deutsche Bank acted as sole arranger and lead manager for the transaction.

The issuance is part of the Company’s long term growth plan targeting new lending with a particular focus on the Irish residential Buy-to-Let mortgage market. The Company expects to commence new lending in the latter part of 2015.

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