Countries
Nov 27th, 2015
Sweden’s FSA and National Debt Office have questioned the rationale behind proposals from the Riksbank that would tighten its rules on the use of covered bonds as repo collateral, and disputed that certain structural risks and vulnerabilities are not reflected in covered bonds’ ratings.
Posted in Sweden
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
Moody’s has improved its outlook on the Swedish banking system from negative to stable, citing the positive impact of strong economic growth on asset quality and profitability, but the rating agency also warned of the consequences of a housing boom.
Posted in Sweden
Tags: Moody's, Sweden, Swedish
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
Nov 6th, 2015
SpareBank 1 Boligkreditt amassed a book of over Eu1.7bn for a Eu1.5bn three year covered bond yesterday (Thursday) that bankers said showed strong demand for shorter dated paper, with the Norwegian deal standing out amid a slew of five to seven year supply as the equal-largest three year of 2015.
Posted in Norway
Tags: covered bond, Norway, SpareBank 1, SpareBank 1 Boligkreditt
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 30th, 2015
Skandinaviska Enskilda Banken (SEB) built a “rock solid” order book for a Eu1bn long seven year covered bond issue on Monday, according to an official at the Swedish issuer, who said the euro market continues to offer more attractive pricing terms and volume access than its domestic market.
Posted in Sweden
Tags: covered bonds, euros, SEB, Sweden, Swedish
Oct 23rd, 2015
Third quarter results of the big four Swedish banks came in below consensus expectations this week, with the impact of persistently low interest rates on net interest income (NII) and weak capital markets cited as contributing to the weaker than expected performance.
Posted in Sweden
Tags: Nordea, results, SEB, Svenska Handelsbanken, Swedbank, Sweden, Swedish
Oct 23rd, 2015
Swedbank Hypotek reopened the sterling covered bond market after two months without benchmark supply on Wednesday, and although the FRN was priced 10bp wider than preceding deals an official at the issuer said the sterling market still offered attractive funding.
Posted in Sweden
Tags: covered bonds, sterling, Swedbank Hypotek, Swedbank Mortgage, Sweden, Swedish
Oct 23rd, 2015
Eika Boligkreditt waited for a window amid heavy euro covered bond supply to sell its first euro benchmark of the year on Wednesday, pricing a Eu500m six year transaction with a relatively slim new issue premium after eight deals had hit the market in the first two days of the week.
Posted in Norway
Tags: covered bonds, Eika Boligkreditt, Norway, Norwegian