top shadow

Click Below for Product Photos and Details

Material appearing in the "Industry Releases" section are selected from a variety of news sources around the world and have not been edited by BODY Magazine.

Van de Velde cashes 2.0 m€ on CDO portfolio

I want to receive more info from Van de Velde Click Here for Product Photos and Details

(SOURCE:Van de Velde, 10-10-2011)

Van de Velde cashes 2.0 m€ on CDO portfolio  

KBC has executed an early and full repayment of the CDO Fulham Road Finance Ltd. (“CDO Fulham”) to Van de Velde for an amount of 2.0 m€.  The expected maturity date of the CDO Fulham was  January 7,  2013.  The early repayment is purely driven by a decision of KBC and has not been negotiated between parties.  

Van de Velde points out that there is still 1 CDO outstanding (Sydney Street Finance Ltd. or “CDO Sydney”) for an amount of 1.45 m€ with an expected maturity date of July 7, 2015. 

The legal case which was brought before the court by Van de Velde against KBC and which relates to the purchase of CDOs, remains pending to allow Van de Velde to also recover the incurred losses on the CDO Sydney.  

As both CDOs were fully written down in 2008 and 2009, Van de Velde will post an exceptional profit before taxes of 2.0 m€ related to the CDO Fulham in 2011.

 Van de Velde NV is a leading player in the luxury and fashionable women’s lingerie sector. Van de Velde is convinced of the merits of a long-term strategy based on developing and expanding brands around the Lingerie Styling concept (fit, style and fashion), especially in Europe and North America.

For more information, contact:

I want to receive more info from Van de Velde Click Here for Product Photos and Details

more Industry Releases >>

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Be the first to comment on this Article!

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Company/Email will not be displayed.

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow