Countries
Apr 22nd, 2016
Stadshypotek looks set to issue covered bonds backed by a dedicated Finnish residential mortgage cover pool under Swedish legislation, after Moody’s yesterday (Thursday) announced a provisional Aaa rating for such covered bonds, with issuance off a Danish pool also a possibility.
Posted in Sweden
Tags: covered bonds, Danish, Denmark, Finland, Finnish, Stadshypotek, Sweden, Swedish
Apr 17th, 2016
DNB Boligkreditt attracted Eu2.2bn of demand for a Eu1.5bn seven year covered bond on Tuesday, before fellow Norwegian issuer Eika Boligkreditt sold a twice oversubscribed Eu500m seven year on Wednesday, having moved forward its plans to capitalise on strong demand in the seven year part of the curve.
Posted in Norway
Tags: covered bonds, DMB Boligkreditt, DNB, Eika Boligkreditt, euros, Norway, Norwegian
Apr 8th, 2016
LF Hypotek sold a €500m (SEK4.64bn) seven year covered bond on Tuesday, building an almost three times oversubscribed book while also setting the tightest price of any Nordic issue in the maturity this year.
Posted in Sweden
Tags: covered bond, euros, Lansforsakringar Hypotek, LF Hypotek, Sweden, Swedish
Apr 1st, 2016
Danske attracted over €4bn of demand for a €1bn five year senior unsecured bond that surpassed expectations on Wednesday in an otherwise quiet week, with investors “scrambling” for what a lead banker said may be one of the last offerings of single-A rated senior paper before the onset of blackout periods.
Posted in Denmark
Tags: Danish, Danske Bank, Denmark, euros, senior unsecured
Apr 1st, 2016
The Mortgage Society of Finland is set to launch a debut, Eu250m covered bond from a new programme within the next three months and aims to become a frequent issuer, according to an official at the Finnish credit institution, after it received a preliminary AAA rating from S&P.
Posted in Finland
Tags: covered bond, Finland, Finnish, Hypo, Suomen Hypoteekkiyhdistys, The Mortgage Society of Finland
Mar 18th, 2016
Sparebanken Sør Boligkreditt made its euro-denominated covered bond debut on Tuesday – joining the market to meet increased funding needs, according to the issuer’s CEO – and bankers said the Eu500m five year issue positioned the Norwegian issuer well next to its peers.
Posted in Norway
Tags: covered bonds, euros, Norway, Norwegian, Sparebanken Sor, Sparebanken Sor Boligkreditt
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
Swedbank sold a Eu400m three year senior unsecured FRN on Wednesday that was priced above par in order to avoid the impact of negative rates, and bankers said it had done well to attract over Eu500m of orders and price the deal with no premium in light of using a still-novel elevated coupon.
Posted in Sweden
Tags: euros, FRN, Negative, senior unsecured, Swedbank, Sweden, Swedish
Mar 4th, 2016
Nordea today (Friday) launched a consent solicitation in respect of covered bonds issued by Nordea Bank Finland, seeking approval for a new demerged entity, Nordea Hypoteksbank, to assume the role of issuer while the Finnish bank is converted into a branch of the Swedish parent.
Posted in Finland
Tags: covered bonds, Finland, Finnish, Nordea Bank Finland, Nordea Hypoteksbank, Nordea Mortgage Bank
Mar 4th, 2016
Norway’s SpareBank 1 Boligkreditt sold a Eu1bn seven year covered bond on Wednesday that was described as “textbook” into a busy euro covered bond market where eight issues totalling Eu6bn were launched this week.
Posted in Norway
Tags: covered bonds, euros, Norway, Norwegian, SpareBank 1 Boligkreditt