Denmark
Feb 28th, 2013
Nordea Kredit wrapped up its latest ARM bond refinancings today (Thursday), achieving slightly tighter levels than expected, according to one analyst, while Nykredit Realkredit is four days into one of its largest auction seasons.
Posted in Denmark
Tags: Danish, Denmark, Nordea Kredit
Feb 21st, 2013
Danske Bank launched a Eu1bn no-grow seven year deal today (Thursday) that marked the Danish issuer’s return to the euro benchmark covered bond market after almost two years of absence and was the third seven year issue of the week.
Posted in Denmark
Feb 21st, 2013
Nykredit Realkredit is planning a benchmark euro Junior Covered Bond later this year and Nykredit Bank a benchmark euro senior unsecured bond, although issuance of the two instruments is likely to be lower this year than last, officials at the two arms of the Nykredit group said yesterday (Wednesday).
Posted in Denmark
Tags: Danish, Denmark, Nykredit Realkredit
Feb 7th, 2013
Moody’s said last week that the demise of Sparekassen Lolland is credit negative for Danish banks, but an official at Jyske Bank, which is taking over the regional savings bank, said that the rating agency’s view is backwards looking and that the takeover sends a positive signal.
Posted in Denmark
Tags: Danish, Denmark, Moody's
Jan 31st, 2013
Nykredit Realkredit will kick off Denmark’s next round of ARM refinancing auctions on 25 February, with Nordea Kredit following suit a day later and Realkredit Danmark starting its auctions on 4 March, according to preliminary information recently announced by the banks.
Posted in Denmark
Tags: auctions, Nordea Kredit, Nykredit Realkredit, Realkredit Danmark
Jan 31st, 2013
BRFkredit attracted some Eu875m of demand last Thursday (24 January) for a Eu500m five year senior unsecured deal, which is its inaugural transaction off a new Eu4bn EMTN programme.
Posted in Denmark
Tags: BRFkredit, Danish, Denmark
Dec 14th, 2012
DLR Kredit wrapped up the 2012 year-end refinancing auction season for Denmark’s mortgage banks on Monday after Nykredit finished its sales last Thursday, with the issuers reporting that the auctions resulted in record low rates for borrowers.
Posted in Denmark
Tags: auctions, covered, Danish, Denmark, DLR Kredit, Nykredit Realkredit
Dec 7th, 2012
BRFkredit is planning to launch a Eu500m senior deal early next year after having set up a Eu4bn EMTN programme, and the Danish issuer’s group treasurer told The Covered Bond Report that the inaugural issue could be a Section 33e senior secured deal.
Posted in Denmark
Tags: BRFkredit, Danish, Denmark, Junior Covered Bonds, Section 33e, senior secured
Dec 7th, 2012
DLR Kredit cut its ties with Moody’s on Monday, a move that it had planned for some time and was able to implement after its General Capital Centre was rated by S&P last week, and the issuer believes having triple-A ratings in place is having a beneficial impact on its December auctions.
Posted in Denmark
Tags: Danish, Denmark, DLR Kredit, Moody's, S&P
Nov 29th, 2012
DLR Kredit on Wednesday for the first time issued senior secured debt pursuant to Section 33e of Danish covered bond legislation, selling Dkr4bn (Eu536m) of what are also known as Junior Covered Bonds.
Posted in Denmark
Tags: auctions, Danish, Denmark, DLR Kredit, Junior Covered Bonds, Nordea Kredit, Nykredit Realkredit, Realkredit Danmark, Section 33e, senior secured