Posts Tagged ‘
covered bonds ’
Mar 4th, 2016
Danske Bank sold a Eu1bn five year covered bond on Tuesday that a lead manager said kick-starts more frequent issuance out of the Danish bank’s C pool after changes to the way in which the issuer funds its international mortgage lending with covered bonds.
Posted in Market
Tags: covered bonds, Danish, Danske Bank, Denmark
Mar 4th, 2016
BRFkredit is set to launch an inaugural euro benchmark covered bond in a move that an official at the Jyske Bank subsidiary said will reduce its refinancing of Danish krone bonds while taking advantage of funding opportunities in the European market.
Posted in Denmark
Tags: BRFkredit, covered bonds, Danish, Denmark, euros, Jyske Bank
Feb 26th, 2016
Sparebanken Vest Boligkreditt on Wednesday sold a Eu500m five year covered bond that was twice oversubscribed at the same time as achieving “ambitious” pricing, and an official at the Norwegian issuer said that recognition of the credit is increasing.
Posted in Norway
Tags: covered bonds, euros, Norway, Norwegian, Sparebanken Vest Boligkreditt
Feb 26th, 2016
Nordea is expected to establish a distinct Finnish covered bond issuer as part of a strategy whereby its Danish, Finnish and Norwegian banking subsidiaries will become branches of the Swedish parent, a move that will be put to the group’s annual general meeting next month.
Posted in Finland
Tags: covered bonds, Finland, Finnish, Nordea, Nordea Bank Finland
Feb 5th, 2016
Swedbank attracted the most demand of any euro benchmark covered bond this year on Wednesday, pricing a EUR1.25bn five year issue at only a modest new issue premium (NIP), and SEB yesterday (Thursday) built upon the template to issue a EUR1.5bn five year at the same level.
Posted in Sweden
Tags: covered bonds, euros, SEB, Swedbank, Swedbank Mortgage, Sweden, Swedish
Jan 29th, 2016
SCBC launched the first euro benchmark covered bond of the year from Sweden on Tuesday, attracting EUR1.4bn of orders for a EUR1bn (SEK9.28bn) five year, and bankers said the high quality issue appealed to risk-off investors after volatility had returned to financial markets.
Posted in Sweden
Tags: covered bonds, euros, SCBC, Sweden, Swedish, Swedish Covered Bond Corporation
Jan 8th, 2016
A DNB €1.5bn five year covered bond attracted over €2bn of demand yesterday (Thursday) as eight euro benchmarks totalling €8.5bn hit the market this week, with the asset class proving resilient amid tough conditions, although a SR-Boligkreditt deal was seen as a struggle.
Posted in Market
Tags: covered bonds, DNB Boligkreditt, Norway, Norwegian, SR-Boligkreditt
Jan 8th, 2016
The Association of Swedish Covered Bond issuers (ASCB) has criticised the proposition that harmonisation of covered bond frameworks, as outlined in a European Commission paper, would be beneficial, as market participants responded to the consultation ahead of an originally-scheduled deadline of Wednesday.
Posted in Industry Moves
Tags: ASCB, covered bonds, Danish, Denmark, European Commission, harmonisation, harmonization, Sweden, Swedish
Jan 8th, 2016
Nordea Eiendomskreditt attracted £425m of orders for a £400m (€545m) three year floating rate covered bond on Wednesday, which, alongside similar issues for Lloyds beforehand and Bank of Nova Scotia afterwards, bankers said shows sterling to be an attractive option for issuers.
Posted in Norway
Tags: covered bonds, Nordea, Nordea Eiendomskreditt, Norway, Norwegian, sterling, Sweden, Swedish
Nov 20th, 2015
As always around this time of year, the focus of investors and issuers – as well as analysts – starts to shift towards their expectations for the coming year, writes Florian Eichert, head of covered bond and SSA research at Crédit Agricole CIB.
Posted in From Crédit Agricole CIB
Tags: covered bonds