Denmark
May 16th, 2014
Dankse was first out of the blocks in a busy FIG market this week, tapping the market early Monday morning with a Eu500m (Dkr3.73bn) no-grow 12 year non-call seven Tier 2 issue that an official at the bank said wrapped up adjustments it had wanted to make to its Tier 2 capital levels.
Posted in Denmark
Tags: Danske, Danske Bank
May 8th, 2014
Standard & Poor’s upgraded Realkredit Danmark senior secured issuance yesterday (Wednesday) following its lifting of parent bank Danske’s rating from A- to A Tuesday of last week, which came as part of wide-ranging BRRD-inspired bank rating actions.
Posted in Denmark
Tags: BRRD, Danske, Danske Bank, Realkredit Danmark, S&P, Standard & Poor's
Mar 27th, 2014
A Danish bill on conditional mortgage bond maturity extensions will help reduce liquidity risk, but does not on its own reduce refinancing risk in the country’s mortgage system, said Fitch, urging the industry to continue its efforts to tackle this risk by other means.
Posted in Denmark
Tags: auctions, Danish, Denmark, Fitch, maturity extension, refinancing, refinancing bill
Mar 20th, 2014
A bill providing for the conditional maturity extension on certain Danish covered bonds removes refinancing risk for covered bond issuers and will have a “marked” credit positive impact on Nordea Kredit covered bonds, said Moody’s on Monday.
Posted in Denmark
Tags: Denmark, maturity extension, Moody's, Nordea Kredit, refinancing risk
Mar 20th, 2014
Realkredit Danmark met with strong demand for its first syndicated sale of a Swedish krona covered bond on Tuesday, a Skr6.2bn (Eu703m, Dkr5.25bn) dual tranche issue that lent more duration to Sweden-targeted Danish issuance, with October 2016 and October 2017 tranches offered.
Posted in Denmark, Market, Sweden
Tags: covered, Denmark, Realkredit Danmark
Mar 13th, 2014
Realkredit Danmark is planning its first syndicated sale of a Swedish krona covered bond, which could emerge next week after a day of investor meetings today (Thursday) in Stockholm.
Posted in Denmark
Tags: covered, covered bonds, RD, Realkredit Danmark
Mar 6th, 2014
Denmark’s mortgage credit institutions are nearing the end of the latest ARMs refinancing season, with a covered bond analyst suggesting that the sales did not quite go as expected.
Posted in Denmark
Tags: BRFkredit, DLR Kredit, Nordea Kredit, Realkredit Danmark
Mar 6th, 2014
Danske Bank opened the market for contingent capital for Nordic banks with a bang yesterday (Wednesday), drawing some Eu13bn of demand for its much anticipated AT1 transaction and achieving the lowest coupon to date for the new type of hybrid bank capital.
Posted in Denmark, Market
Tags: AT1, bank capital, capital, Danske, Danske Bank
Feb 27th, 2014
Jyske Bank and BRFkredit are planning to merge, they announced on Monday, in a move that will step up competition in the Danish banking industry, with the potential for steep growth in mortgage lending for the combined entity and a tightening of BRFkredit bond spreads among effects cited.
Posted in Denmark, Industry Moves
Tags: BRFkredit, Danish, Denmark, Jyske Bank
Feb 27th, 2014
Danske Bank could soon emerge with the first Nordic CoCo transaction, after having yesterday (Wednesday) announced that it will next week meet with investors in connection with a potential euro Additional Tier 1.
Posted in Denmark
Tags: AT1, bank capital, capital, Coco, Danske, Danske Bank, Denmark