E-MAC Program

Final Put Notice


This is a public announcement pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014)

If you are in any doubt as to the action you should take, you are recommended to seek your own financial, legal or other advice immediately from your stockbroker, bank manager, solicitor, accountant or other appropriately authorised independent financial adviser.

Capitalised terms used herein have the meanings defined or construed in the master definitions schedule attached as Schedule 1 to the Programme Agreement

E-MAC Program B.V. – Compartment NL 2007 NHG-V
(the "Issuer")

Notice is hereby given with respect to notes of each of the following class(es):

€ 250,000,000 Senior Class A Notes 2007 due 2041, issue price 100 per cent. ISIN: XS0321491978
€ 3,000,000 Mezzanine Class B Notes 2007 due 2041, issue price 100 per cent. ISIN: XS0321494139

(the "Notes" and each class of Notes, a "Class of Notes" and together the "Classes of Notes", the Class A Notes and Class B Notes, together the "Put Option Notes" and the holders thereof the "Put Option Noteholders")

Amsterdam, 12 June 2020

Notice is hereby given by the Issuer that, with reference to Condition 6 (d) (v) (d) of the Terms and Conditions of the Notes under the Program and the Final Terms of Compartment NL 2007-V, Moody’s has confirmed the ratings currently assigned to the Put Option Notes.

The Issuer does not have funds available to redeem the Put Option Notes which are subject to redemption on the upcoming Put Date, i.e. 27 July 2020. Therefore none of the Put Option Notes will be redeemed on the upcoming Put Date, in accordance with and subject to the Terms and Conditions of the Notes.

No Extension Margins have been determined to date. The Issuer and the Security Trustee are currently considering the situation that has arisen and the way forward. Pending such determination and until further notice, no distributions will be made through the Interest Priority of Payments prior to the notification of pledge, below item q, being the item directly above the item relating to the Subordinated Extension Interest Part relating to the Senior Class A Notes, and amounts then remaining will be provisionally retained by the Issuer.

Intertrust Management B.V.
Prins Bernhardplein 200
1097JB Amsterdam, The Netherlands
[email protected]

Message details

Sub-group Bonds
Issuer E-MAC Program
Category Redemption
ISIN XS0321491978
Securities name Floating Rate Notes
Publication date June 12 2020