Posts Tagged ‘
ARMs ’
Nov 14th, 2014
Nykredit Realkredit has halved the amount of one year ARMs bonds it is selling when it kicks off the latest Danish auction season on Monday from Dkr74bn to Dkr37bn (Eu4.97bn) as its customers move towards longer dated mortgage products, and is building up euro FRNs in connection with this.
Posted in Denmark
Tags: ARMs, Danish, Denmark, Nykredit Realkredit
Sep 19th, 2014
The Danish FSA (Finanstilsynet) set out proposals for a “Supervisory Diamond” for Denmark’s mortgage credit institutions on Thursday of last week (11 September) that aims to reinforce the Danish industry’s systemic stability, including moves away from one year ARMs and interest-only (IO) loans.
Posted in Denmark
Tags: ARMs, Danish, Denmark, Finanstilsynet, FSA, interest only, IOs, Supervisory Diamond
Sep 4th, 2014
DLR Kredit is close to bringing to an end the latest round of refinancing auctions by Denmark’s mortgage credit institutions (MCIs), having today (Thursday) finished its auctions of one year ARM bonds, while BRFkredit has said it is pleased with the response to its new, pre-financed bonds.
Posted in Denmark
Tags: ARMs, BRFkredit, covered bonds, Danish, Denmark, DLR Kredit
Aug 28th, 2014
Nordea Kredit wrapped up three days of refinancing auctions of adjustable rate mortgage (ARM) bonds today (Thursday), while BRFkredit and Nykredit have one day left, with “extreme” spread stability to slight tightening and curve flattening flagged as notable aspects of the sales.
Posted in Denmark
Tags: ARMs, BRFkredit, Nordea Kredit, Nykredit Realkredit
Aug 21st, 2014
Nykredit Realkredit got the new Danish auction season off to a flying start on Monday morning when its opening, Dkr7bn (Eu939m) sale of one year ARM bonds attracted some Dkr27.9bn of bids and achieved a level inside expectations, and the following auctions unfolded in the same vein.
Posted in Market
Tags: ARMs, auctions, Danes, Denmark, Nykredit Realkredit
May 29th, 2014
Nykredit sold some Dkr13bn (Eu1.74bn) of one year ARM bonds this week in the first auctions of covered bonds that feature maturity extension triggers in accordance with new legislation, and market participants said the auctions, although small, show demand to be largely unaffected by the changes.
Posted in About Us, Denmark
Tags: ARMs, auctions, Denmark, interest rate trigger, Nykredit, Nykredit Realkredit
Feb 20th, 2014
Nykredit Realkredit sold its tightest syndicated Swedish krona covered bond today (Thursday), a Skr5.5bn (Eu614m, Dkr4.58bn) one year issue, after on Monday kicking off the latest round of auctions for refinancing of ARM bonds.
Posted in Denmark
Tags: ARMs, auctions, Denmark, Nykredit, Nykredit Realkredit, RD, Realkredit Danmark
Feb 13th, 2014
The Danish government and several opposition parties last Thursday (6 February) agreed on legislation aimed at reducing refinancing risk in the country’s mortgage system, after the central bank said S&P had made a positive statement about the bill.
Posted in Denmark
Tags: ARMs, Association of Danish Mortgage Banks, Denmark, maturity extension, refinancing bill, refinancing risk, S&P
Feb 6th, 2014
A proposal for conditional mandatory extension of some Danish covered bonds is a “step in the right direction” but does not fully eradicate mortgage banks’ refinancing risk, S&P said yesterday (Wednesday), and an issuer said the rating agency’s intervention could be helpful.
Posted in Denmark
Tags: ARMs, Danish, Denmark, S&P, Standard & Poor's
Jan 23rd, 2014
Danish mortgage banks have begun announcing their plans for the forthcoming auction season of more than Dkr200bn (Eu26.8bn) of ARMs bond sales, while Danish MPs launched the latest salvo in the ongoing battle for covered bonds to be included as Level 1 assets in LCRs.
Posted in Denmark
Tags: ARMs, auctions, Barnier, Denmark, EBA, EC, European Banking Authority, LCRs, Liquidity Coverage Ratio