Posts Tagged ‘
auctions ’
Aug 26th, 2016
Bids were strong throughout the latest Danish refinancing auctions, with non-domestic investors in particular finding value, as Nykredit hailed improving recognition of its euro FRNs and Realkredit Danmark priced a Skr4.35bn issue with the slimmest pick-up versus domestic paper in recent years.
Posted in Denmark
Tags: ARMs, auctions, BRFkredit, Danish, Denmark, DLR Kredit, Nykredit Realkredit, Realkredit Danmark
Aug 18th, 2016
The opening sales of the latest Danish refinancing auctions yesterday and today achieved encouraging bid-to-covers, with market participants attributing the demand to the spreads being attractive against a range of alternatives, and FRNs sold next week are expected to be well received.
Posted in Denmark
Tags: ARMs, auctions, covered bonds, Danish, Denmark, FRNs, kroner
May 13th, 2016
Danish mortgage credit institutions have announced their plans for refinancing auctions to be held later this month, with Nykredit kicking off sales on 23 May, and floating rate bonds are in focus amid a trend away from one year ARMs.
Posted in Denmark
Tags: ARMs, auctions, Danish, Denmark, Nykredit Realkredit, Realkredit Danmark
Feb 9th, 2016
Spreads on Danish covered bonds being sold in the latest refinancing auctions widened in early sales in line with the pressures afflicting the broader financial markets, according to market participants, while the announcement last week of a planned Nykredit IPO has also been in focus.
Posted in Denmark
Tags: ARMs, auctions, Danish, Denmark, Nykredit Realkredit
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
Aug 21st, 2015
The latest Danish quarterly sales of bonds to refinance adjustable rate mortgages (ARMs) achieved healthy bid-to-cover ratios after Nykredit Realkredit kicked off activity on Monday, with longer dated paper offering relatively high spreads particularly well bid.
Posted in Denmark
Tags: ARMs, aucions, auctions, BRFkredit, covered bonds, Danish, Denmark, Nykredit Realkredit
Feb 27th, 2015
The start of the first Danish auction season to include sales of adjustable rate mortgage (ARM) bonds at negative yields was hit by nervousness about the Danish currency and interest rates on Monday, with yields backing up more than 30bp, but levels and bit-to-covers improved from Tuesday onwards.
Posted in Market
Tags: ARMs, auctions, Danish, Denmark, Nykredit Realkredit, Realkredit Danmark
Nov 28th, 2014
Spreads on Danish one year ARM bonds recovered in auctions in the first half of this week after having widened sharply last week, with bid-to-cover levels also improving, as Nykredit and BRFkredit finished their sales, while DLR Kredit only has one day left.
Posted in Denmark
Tags: ARMs, auctions, Danish, Denmark, DLR Kredit, Nykredit Realkredit
Nov 21st, 2014
Spreads on Danish one year ARM bonds widened by up to 10bp over the first three days of the latest refinancing auction season this week and bid-to-cover ratios hit lows, despite a sharp fall in supply, with market participants struggling to remember such turbulent conditions and understand the moves.
Posted in Denmark, Market
Tags: ARMs, auctions, covered bonds, Danish, Denmark, Nordea Kredit, Nykredit Realkredit, Realkredit Danmark
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