On the Closing Date (and from time to time thereafter), Belgian Lion, acting through its compartment Belgian Lion RMBS III (the Issuer), purchases Belgian prime residential mortgage loans from ING Belgium NV/SA. The Issuer finances the initial purchase through the issuance of Class A and B Notes. Further information can be found in the Prospectus
| Class A | Class B | ||
| Principal amount | 4.185.000.000,00 EUR | 315.000.000,00 EUR | |
| Issue Price | 100 % | 100 % | |
| Credit Enhancement (provided by other Classes of Notes subordinated to the relevant Class) | Subordination of Class B Notes | Nil | |
| Interest Rate | 3m Euribor + 52bp | 3m Euribor + 250bp | |
| Interest Accrual | Act/360 | Act/360 | |
| Quarterly Payment Dates | Interest will be payable quarterly in arrears on the 20th day of February, May, August and November of each year (or the first following Business Day if such day is not a Business Day) (each a Quarterly Payment Date), except that the first Quarterly Payment Date shall be 20 May 2025. | ||
| Principal payments | No scheduled amortisation. On the earlier of (i) the Quarterly Payment Date falling in February 2030; or (ii) the date on which an Early Amortisation Event occurs (the Revolving Period End Date) and on any Quarterly Payment Date thereafter, full sequential amortisation of the Notes based on the Principal Available Amount. Prior to the Revolving Period End Date, the Issuer has the option (but not the obligation, save as provided in Condition 2.5(b) (Interest Deficiency Allocation) to apply Principal Available Amount on each Quarterly Payment Date towards redemption of the Notes in accordance with the Principal Priority of Payments. | ||
| Prepayments | Notes may be subject to voluntary and mandatory prepayment on any Quarterly Payment Date as described herein, with prepayments applied to the Notes in sequential order starting with the most senior Class of Notes then outstanding. | ||
| Listing | Euronext Brussels | No | |
| Expected Rating | DBRS AAA(sf) Fitch AAA(sf) | NR | |
| Closing Date | 10 March 2025 | 10 March 2025 | |
| Final Redemption Date | 20 February 2062 | 20 February 2062 |
|
"}},{"componentType":"sectionTitle","title":"Prospectus & Supplements"},{"componentType":"paragraph","richBody":{"value":""}},{"componentType":"sectionTitle","title":"Investor & Cashflow Reports"},{"componentType":"accordion","accordionList":[{"title":"2026","richBody":{"value":"
Investor reports
Cashflow Report
"}},{"title":"2025","richBody":{"value":"
Investor reports
Cashflow Reports
Notes of Belgian Lion NV/SA, institutionele vennootschap voor belegging in schuldvorderingen naar Belgisch recht/société d'investisment en créances institutionnelle de droit belge, acting through its Compartment Belgian Lion RMBS III (Belgian Lion), can only be acquired, held by and transferred to qualifying investors as defined in article 5, §3/1 in of the Law of 3 August 2012 on institutions for collective investment that satisfy the criteria of directive 2009/65/EC and on institutions for investment in receivables, as amended or replaced (an Qualifying Investor) acting for their own account. Belgian Lion will suspend the payment of dividends or interests in relation to its securities of which it becomes aware that these are held by a person who is not a Qualifying Investor acting for its own account.
"}}]}}}