Posts Tagged ‘ covered bond ’

LF Hypotek €500m covered sets 2016 Nordic sevens tight

Apr 8th, 2016

LF Hypotek sold a €500m (SEK4.64bn) seven year covered bond on Tuesday, building an almost three times oversubscribed book while also setting the tightest price of any Nordic issue in the maturity this year.

Mortgage Society of Finland set for H1 covered debut

Apr 1st, 2016
Mortgage Society of Finland image

The Mortgage Society of Finland is set to launch a debut, Eu250m covered bond from a new programme within the next three months and aims to become a frequent issuer, according to an official at the Finnish credit institution, after it received a preliminary AAA rating from S&P.

BRFkredit in ‘unique’ Eu500m debut, plans Q4 return

Mar 18th, 2016

BRFkredit sold a debut, Eu500m five year covered bond on Wednesday, and plans to return to the euro market in the fourth quarter and establish itself as a frequent issuer therein, with an official at the issuer citing the benefits of diversification away from the Danish market.

Danske sells $1bn senior, Sparebanken Sør euro covered debut due

Mar 11th, 2016
Danske EntranceAPP

Danske Bank sold a twice-subscribed $1bn five year senior unsecured bond on Monday, with a lead noting it priced close to a recent issue from Swedbank, which is more established in the US market. Sparebanken Sør is expected next week with an inaugural euro benchmark covered bond.

SpareBank 1 hits sweet spot to build Eu1.7bn book for covered threes

Nov 6th, 2015
SpareBank 1

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.

Eika among candidates hoped for in improving euro covered

Oct 9th, 2015
Eika Boligkreditt_200

The euro covered bond market was quiet this week, with only one benchmark issued, but bankers are optimistic that successful deals will be done next week after sentiment improved and spreads tightened and with a handful of issuers, including Eika Boligkreditt, having been on the road.

Reactive Stadshypotek £300m FRN shows sterling possibilities

Aug 14th, 2015

Stadshypotek sold a £300m three year FRN covered bond on Monday, proving that the sterling market is an appealing option for issuers and printing at a tighter price than could have been achieved in the domestic market, according to bankers.

SR-Boligkreditt up and running with domestic Nkr2bn five year FRN

Jun 5th, 2015

SR-Boligkreditt issued its first covered bond yesterday (Thursday), a Nkr2bn (Eu229m) five year deal that an official at the issuer said represented a decent start to its issuance, even if the pricing was marginally wider than expected amid a volatile market.

Swedbank does without 144A for quick $1bn covered bond

May 8th, 2015

Swedbank Hypotek dispensed with the 144A format it previously used for dollar-denominated issuance when it launched a $1bn (Eu883m, Skr8.23bn) five year Reg S issue on Wednesday, with flexibility cited as a reason for the move.

Sparebanken Vest gets tight in covered, eyes more euros

Apr 24th, 2015

Sparebanken Vest Boligkreditt on Wednesday sold the first Norwegian euro benchmark covered bond of the year, a Eu500m seven year that achieved tighter pricing than some market participants had expected, and an official at the Norwegian issuer said it may become a more frequent visitor to euros.