Posts Tagged ‘ BRFkredit ’

DLR gets ‘good level’, new BRF bonds accepted

Sep 4th, 2014
DLR image

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.

Nordea, BRFkredit join Nykredit as ARMs sales sustain strength

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.

Jyske H1 results boosted by BRFkredit merger

Aug 21st, 2014
Anders Dam. Jyske Bank.

Jyske Bank Group reported Dkr2.8bn (Eu376m) of pre-tax profit for the second half of 2014 on Tuesday, its largest profit ever, although the figures are the first since the merger with BRFkredit in April, which contributed nearly Dkr2.4bn in one-off income to the result.

ARM auctions to reflect Danes moving away from one years

Aug 14th, 2014

Nykredit Realkredit will kick off Danish mortgage credit institutions’ October refinancing auctions on Monday, for which BRFkredit and DLR Kredit today (Thursday) announced expected supply figures, with analysts noting a shift away from one year ARM bonds.

Jyske welcomed back in rare public euro visit, merger benefits seen

Jun 12th, 2014

Jyske Bank priced a well-received Eu500m (Dkr3.73bn) three year senior unsecured FRN in a rare visit to the euro benchmark market yesterday (Wednesday), with the deal also its first public euro issue since the Danish bank’s merger with BRFkredit in April.

Spreads softer towards end of Danish ARMs season

Mar 6th, 2014

Denmark’s mortgage credit institutions are nearing the end of the latest ARMs refinancing season, with a covered bond analyst suggesting that the sales did not quite go as expected.

Jyske, BRF see ‘great match’, covered increase

Feb 27th, 2014

Jyske Bank and BRFkredit are planning to merge, they announced on Monday, in a move that will step up competition in the Danish banking industry, with the potential for steep growth in mortgage lending for the combined entity and a tightening of BRFkredit bond spreads among effects cited.

S&P ups BRF General covered on OC surprise

Jan 9th, 2014

Standard & Poor’s upgraded covered bonds issued out of BRFkredit’s General Capital Centre from AA- to AAA on 27 December, citing higher than expected levels of overcollateralisation for the programme.

Nordea gets record lowest yield as auctions close

Dec 5th, 2013
Thomas Toft Brock-Jacobsen, head of Rating & IR, BRFkredit

BRFkredit, Nordea Kredit and Realkredit Danmark finished the latest round of sales to refinance ARM bonds last Friday (29 November), with analysts noting that spreads were the lowest since before the crisis and that Nordea achieved the lowest absolute yield ever at an auction.

ARMs hit record lows on fall in supply, extension plan

Nov 21st, 2013

Bonds to refinance ARMs have been sold at record low yields and spreads since the latest Danish auction season began on Monday, with this being attributed to lower supply and planned changes to ARMs — even though these were postponed by three months.