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

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.

Dutch State Treasury Agency
Steef Akerboom
[phone]