Norway
Nov 1st, 2012
Terra BoligKreditt launched its first jumbo covered bond on Tuesday, a Eu1bn five year deal that Terra’s CEO said involved 50%-60% more investors than in previous, smaller transactions.
Posted in Norway
Tags: Norway, Terra, Terra BoligKreditt
Oct 25th, 2012
Any shift to more unsecured funding prompted by possible restrictions on covered bond issuance by the Norwegian FSA could prove challenging, Moody’s cautioned on Monday, although it said such a move could benefit senior bondholders.
Posted in Norway
Tags: covered, Finanstilsynet, Moody's, Norway, Norwegian
Oct 25th, 2012
A covered bond roadshow for Norway’s Terra BoligKreditt was the only Nordic FIG primary market-related activity this week despite markets being open, said syndicate bankers, while Nordic covered bond secondary spreads have been stable.
Posted in Norway
Tags: Norway, Norwegian, Terra BoligKreditt
Oct 18th, 2012
The Norwegian FSA may impose higher capital charges on issuers or restrict their issuance if it considers that they are tying up too much collateral in covered bonds, it said on Tuesday, calling for consideration to be given to limits on encumbrance resulting from covered bond issuance.
Posted in Norway
Tags: covered, Finanstilsynet, FSA, Norway, Norwegian
Oct 12th, 2012
Norway’s Terra BoligKreditt announced a mandate for a new euro covered bond benchmark on Monday that, subject to market conditions, will follow a pan-European roadshow starting 22 October and could be the issuer’s first jumbo sized deal.
Posted in Norway
Tags: covered, Norway, Norwegian, Terra BoligKreditt
Sep 13th, 2012
Norway’s Storebrand Boligkreditt took advantage of healthy domestic demand and tighter levels to increase a June 2017 Norwegian krone floating rate covered bond by Nkr400m yesterday (Wednesday), taking the new issue size to Nkr2.65bn (Eu356m).
Posted in Norway
Tags: covered, Norway, Norwegian, Storebrand Boligkreditt
Sep 13th, 2012
Norwegian covered bond issuers will gain representation on the steering committee of the European Covered Bond Council from January, with DNB’s Helge Stray becoming one of two new members.
Posted in Norway
Tags: ECBC, Norway, Norwegian
Aug 30th, 2012
Storebrand Boligkreditt is planning a Eu250m euro covered bond that is expected to be launched next week and would mark the issuer’s return to euros after a lengthy absence, with syndicate bankers expecting the issuer to be joined by others in a pick-up of benchmark supply.
Posted in Norway
Tags: covered, Norway, Norwegian, Storebrand Boligkreditt
Aug 23rd, 2012
SpareBank 1 Boligkreditt sold a Eu1bn five and a half year deal on Monday as covered bond issuers this week took advantage of spreads on core paper tightening towards pre-crisis levels.
Posted in Norway
Tags: covered, Norway, Norwegian, SpareBank 1 Boligkreditt