Candide Financing 2025-1 B.V.: 21 June 2025

Another outing for the Candide series where the Issuer will make payments on the Notes from payments of principal and interest received from a portfolio comprising mortgage loans secured over residential properties located in The Netherlands. The seller is Lloyds Bank GmbH, Amsterdam Branch.

At the cut-off date (31 March 2025) the portfolio consists of 3,100 borrowers (in 5,815 loan parts) with an average balance per borrower of Eur261,577 and a maximum loan size of Eur965,062. Mortgage types (by current balances): annuity – 84.8%, interest-only – 12.5%, linear – 2.8%. Interest rate type: fixed - 99.4%, floating - 0.6%. The WA CLTIMV is 71.11% (the CLTOMV was 76.7%) and the WA seasoning is 1.65 years. Regional concentration (by current balances): Zuid-Holland - 18.9%, Noord-Holland - 18.4%, Noord-Brabant - 16.2%, Gelderland - 10.8% and - Utrecht 8.3%.

EU & UK Risk Retention: The Seller, as ‘originator’ within the meaning of the EU Securitisation Regulation, will retain on an ongoing basis a material net economic interest of not less than 5% in the securitisation in accordance with Article 6(1) of the EU Securitisation Regulation. In addition, the Seller will retain (on a contractual basis) as originator, on an ongoing basis, a material net economic interest of not less than 5% in the securitisation in accordance with Article 6 of the UK Securitisation Regulation.

US Risk Retention: The Seller (Lloyds Bank GmbH, Amsterdam Branch) intends to rely on an exemption provided for in Section 20 of the US Risk Retention Rules regarding non US transactions that meet certain requirements.

STS: On the Closing Date, it is intended that a notification will be submitted to ESMA and BaFin in accordance with Article 27 of the EU Securitisation Regulation, confirming that the requirements of Articles 19 to 22 of the EU Securitisation Regulation for designation as a EU STS securitisation have been satisfied with respect to the Notes.

Compare/contrast: Candide Financing 2024-1, Bastion 2025-1 NHG BV, Jubilee Place 7 BV