Denmark
Mar 18th, 2016
BRFkredit sold a debut, Eu500m five year covered bond on Wednesday, and plans to return to the euro market in the fourth quarter and establish itself as a frequent issuer therein, with an official at the issuer citing the benefits of diversification away from the Danish market.
Posted in Denmark
Tags: BRFkredit, covered bond, euros, Jyske, Jyske Bank
Mar 4th, 2016
BRFkredit is set to launch an inaugural euro benchmark covered bond in a move that an official at the Jyske Bank subsidiary said will reduce its refinancing of Danish krone bonds while taking advantage of funding opportunities in the European market.
Posted in Denmark
Tags: BRFkredit, covered bonds, Danish, Denmark, euros, Jyske Bank
Feb 9th, 2016
Spreads on Danish covered bonds being sold in the latest refinancing auctions widened in early sales in line with the pressures afflicting the broader financial markets, according to market participants, while the announcement last week of a planned Nykredit IPO has also been in focus.
Posted in Denmark
Tags: ARMs, auctions, Danish, Denmark, Nykredit Realkredit
Nov 20th, 2015
Realkredit Danmark (RD) took the unprecedented step of cutting a three year covered bond auction from Dkr2.72bn to Dkr1.90bn (Eu255m) on Wednesday, citing dissatisfaction with orders for the sale, although the bulk of the week’s issuance was relatively smooth.
Posted in Denmark
Tags: ARMs, auctions, Danish, Danske, Denmark, Nykredit Realkredit, Realkredit Danmark
Nov 13th, 2015
Nykredit Realkredit attracted more than Eu2bn of demand for a Eu800m 12 year non-call seven Tier 2 issue on Tuesday, taking advantage of the reopening of the subordinated debt market after having announced its third quarter results last week.
Posted in Denmark
Tags: Danish, Denmark, Nykredit Realkredit, Tier 2
Oct 30th, 2015
Danske Bank announced third quarter pre-tax profits of Dkr4.7bn (Eu630m) yesterday (Thursday), 9% below consensus expectations on the back of negative interest rates in Denmark and low activity, although the bank maintained its net profit guidance for the full year.
Posted in Denmark
Tags: Danish, Danske, Denmark, results
Oct 2nd, 2015
Jesper Berg joined the Danish FSA (Finanstilsynet) from Nykredit yesterday (Thursday) as its new director general.
Posted in Denmark
Tags: Denmark, Finanstilsynet, Jesper Berg, Nykredit
Sep 25th, 2015
Danske life insurance subsidiary Danica launched its first new bond issue since 2006 on Monday, a Eu500m (Dkr3.73bn) 30 year non-call 10 subordinated transaction that sold out at a level reflecting the challenging market conditions prevailing in credit markets this week.
Posted in Denmark
Tags: Danica, Danish, Danske, Denmark, insurance, subordinated
Sep 4th, 2015
Danske Bank launched a Eu1bn (Dkr7.5bn) five year covered bond on Tuesday amid a wave of supply that the market proved more than able to absorb, and further benchmarks are due early next week.
Posted in Denmark
Tags: covered bonds, Danish, Danske Bank, Denmark, Finland, Finnish, Norway, Norwegian, OP Mortgage Bank, SpareBank 1 Boligkreditt
Aug 21st, 2015
The latest Danish quarterly sales of bonds to refinance adjustable rate mortgages (ARMs) achieved healthy bid-to-cover ratios after Nykredit Realkredit kicked off activity on Monday, with longer dated paper offering relatively high spreads particularly well bid.
Posted in Denmark
Tags: ARMs, aucions, auctions, BRFkredit, covered bonds, Danish, Denmark, Nykredit Realkredit