Penates 4

ATTENTION: Notes of Penates Funding N.V. - S.A., institutionele vennootschap voor belegging in schuldvorderingen naar Belgisch recht / société d’investisment en créances institutionnelle de droit belge, acting through its Compartment Penates-4 (Penates Funding), can only be acquired, held by and transferred to institutional investors or professional investors as described in article 5§3 of the Law of 20 July 2004 on certain types of collective management of investment portfolios, as amended or replaced (an Institutional Investor) acting for their own account.

Penates Funding 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 an Institutional Investor acting for its own account.

PENATES FUNDING N.V./S.A., acting through its compartment Penates-4 (the “Issuer”) purchases on closing date a portfolio of Belgian prime residential mortgage loans from Dexia Bank Belgium NV/SA. Penates-4 has financed the purchase through the issuance of Class A, Class B notes and Class C notes. Further information can be found in the Prospectus.

	Class A	Class B	Class C	Class D
Principal amount	8.077.500.000 EUR	472.500.000 EUR	450.000.000 EUR	117.000.000 EUR
Issue Price	100 %	100 %	100 %	100 %
Credit Enhancement (provided by other Classes of Notes subordinated to the relevant Class and Reserve Fund)	subordination of Class B Notes and Class C Notes	subordination of Class C Notes	Nil	Nil
Margin	1.20 per cent. p.a. or, after the Step-Up Margin Date, 2.40 per cent. p.a	1.85 per cent. p.a.	2.30 per cent. p.a.	2.50 per cent. p.a.
Interest Accrual	Act/360	Act/360	Act/360	Act/360
Quarterly Payment Dates	Interest and principal will be payable quarterly in arrears on the twenty-fifth (25th) day of February, May, August and November of each year (or the first following Business Day if such day is not a Business Day), commencing on the Quarterly Payment Date falling on 25 May 2012.
Principal payments	No scheduled amortisation. Full sequential amortisation of the Collateralized Notes (in order of seniority) based on the Principal Available Amount on each Quarterly Payment Date, with the Notes within each of the Class A Notes, the Class B Notes and the Class C Notes ranking pari passu and being repaid pro rata and without preference among themselves.
Prepayments	Notes may be subject to voluntary and mandatory prepayment on any Quarterly Payment Date as described herein, with prepayments applied to the Collateralized Notes in sequential order starting with the most senior Class of Notes then outstanding.
Final Redemption Date	Quarterly Payment Date falling in November 2045
Optional Redemption Date	The Quarterly Payment Date falling in November 2012 (First Optional Redemption Date) and any Quarterly Payment Date thereafter	The Quarterly Payment Date falling in November 2012 (First Optional Redemption Date) and any Quarterly Payment Date thereafter	The Quarterly Payment Date falling in November 2012 (First Optional Redemption Date) and any Quarterly Payment	The Quarterly Payment Date falling in November 2012 (First Optional Redemption Date) and any Quarterly Payment Date thereafter
Denomination	250.000 EUR	250.000 EUR	250.000 EUR	250.000 EUR
Form	The Notes will be issued in the form of dematerialised notes under the Belgian Company Code and will be represented exclusively by book entries in the records of Clearing System operated by the National Bank of Belgium.		The Notes will be issued in the form of registered notes under the Belgian Company Code.
Listing	Euronext Brussels	Not Listed	Not Listed	Not Listed
Expected Rating	Fitch: AAAsf Moody's: Aaasf DBRS: AAAsf	Fitch: Asf Moody's: A3sf DBRS: Asf	NR	NR
ISIN	BE0002408806	BE6228345722	BE6228366934	BE6228367940
Common Code	072055403	072056477	N.A.	N.A.

Agenda

29.05.2017 Quarterly payment date and quarterly investor report pdf
27.02.2017 Quarterly payment date and quarterly investor report pdf
25.11.2016 Quarterly payment date and quarterly investor report pdf
25.08.2016 Quarterly payment date and quarterly investor report pdf
25.05.2016 Quarterly payment date and quarterly investor report pdf
25.02.2016 Quarterly payment date and quarterly investor report pdf
25.11.2015 Quarterly payment date and quarterly investor report pdf
25.08.2015 Quarterly payment date and quarterly investor report pdf
26.05.2015 Quarterly payment date and quarterly investor report pdf
15.02.2015 Quarterly payment date and quarterly investor report pdf
25.11.2014 Quarterly payment date and quarterly investor report pdf
25.08.2014 Quarterly payment date and quarterly investor report pdf
26.05.2014 Quarterly payment date and quarterly investor report pdf
20.02.2014 Quarterly payment date and quarterly investor report pdf
25.11.2013 Quarterly payment date and quarterly investor report pdf
26.08.2013 Quarterly payment date and quarterly investor report pdf
27.05.2013 Quarterly payment date and quarterly investor report pdf
25.02.2013 Quarterly payment date and quarterly investor report pdf
26.11.2012 Quarterly payment date and quarterly investor report pdf
27.08.2012 Quarterly payment date and quarterly investor report pdf
25.05.2012 First quarterly payment date and quarterly investor report pdf

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