Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) advised ING as Arranger and ING, Credit Agricole and Santander as Joint Lead Managers on ING Bank N.V.’s innovative Green Lion 2023-1 (€850 million) Dutch mortgage securitisation funding transaction.

Green Lion is a Dutch residential mortgage-backed securitisation (RMBS) backed by owner-occupied mortgages for energy-efficient homes in the Netherlands that carry a minimum ‘A’ rating for energy efficiency if constructed before 2022 or comply with Primary Energy Demand thresholds if constructed after 2022. The transaction, which has a triple-A rated Class A tranche combined with retained Class B and C tranches, marks ING’s first step into the green securitisation market and offers sustainable investment opportunities to investors.

The Freshfields team was led by Amsterdam-based finance partner Mandeep Lotay and supported by associates Dámaris Engelschman and Annemarie van der Does Vos.