Countries
Oct 16th, 2015
Norway’s DNB Boligkreditt launched a Eu1.25bn (Nkr11.5bn) five year covered bond on Tuesday and market participants noted that its Eu1.8bn book represented greater oversubscription than levels achieved by CBPP3-eligible deals launched on the same day.
Posted in Norway
Tags: DNB Boligkreditt
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
Oct 2nd, 2015
A Swedish government plan to introduce a legislative 2% minimum overcollateralisation level – prompted by EU derivatives clearing regulations – would be credit positive for covered bonds, according to Moody’s.
Posted in Sweden
Tags: EMIR, Moody's, Sweden
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 25th, 2015
The Swedish government is proposing to introduce a 2% minimum overcollateralisation requirement in legislation so the country’s covered bonds will meet the criteria necessary for exemption from central clearing obligations for OTC derivatives under the European Market Infrastructure Regulation (EMIR).
Posted in Sweden
Tags: covered bonds, EMIR, legislation, OC, Sweden, Swedish
Sep 18th, 2015
Holders of Skandiabanken Norwegian krone-denominated covered bonds have approved the Swedish bank’s plan to convert their covered bonds into obligations of a new Norwegian issuer it is setting up as part of plans to spin off its Norwegian banking operations.
Posted in Norway
Tags: Skandiabanken
Sep 18th, 2015
Revived plans to introduce compulsory amortisation requirements for new mortgage loans in Sweden could enhance Swedish covered bonds’ credit quality, according to Standard & Poor’s.
Posted in Sweden
Sep 4th, 2015
Sweden’s Skandiabanken is seeking bondholder approval to transfer two outstanding Norwegian krone senior unsecured FRNs to a new subsidiary in Norway it is establishing ahead of a fourth quarter IPO of its banking operations in that country.
Posted in Norway
Tags: Norway, Norwegian, senior, Skandiabanken, Sweden, Swedish
Sep 4th, 2015
Sweden’s Riksbank kept the repo rate unchanged at minus 0.35% yesterday (Thursday), although market participants still expect the central bank to engage in further monetary policy measures over the coming months.
Posted in Sweden
Tags: Sveriges Riksbank, Sweden, Swedish
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