Posts Tagged ‘ covered ’

KLP Boligkreditt debuts, Nkr5bn covered eyed by end-2015

Sep 19th, 2014
KLP portrait

KLP Boligkreditt issued its first covered bond on 5 September, a Nkr500m (Eu60m) five year floating rate note, and an official at KLP Banken said that a next covered bond issue is already being worked on, with Nkr5bn expected by the end of 2015.

Danske takes Nordics through swaps in CBPP context, pre-Vienna

Sep 19th, 2014

Danske Bank priced a Eu1bn (Dkr7.45bn) short five year covered bond at 2bp through mid-swaps on Wednesday, making it the first Nordic euro benchmark covered bond to have been priced through mid-swaps since the onset of the financial crisis.

Danske picks FRN for Swedish return, LF sells Swiss covered

Aug 21st, 2014

Danske Bank sold a Skr5bn (Eu546m, Dkr4.08bn) April 2018 floating rate covered bond backed by Swedish and Norwegian residential and commercial mortgages yesterday (Wednesday), which was the Danish bank’s first covered bond issue in Swedish kronor in more than two years.

Strong momentum for Aktia covered allays initial nerves

Apr 10th, 2014

Aktia Bank issued a Eu500m no-grow five year covered bond on Monday, with an official at the issuer noting that the deal gained traction quickly, allaying some nervousness about how it would fare after softening in the wider market late last week.

RD extends Sweden-targeted covered curve in strong Skr6.2bn

Mar 20th, 2014
Realkredit Danmark image

Realkredit Danmark met with strong demand for its first syndicated sale of a Swedish krona covered bond on Tuesday, a Skr6.2bn (Eu703m, Dkr5.25bn) dual tranche issue that lent more duration to Sweden-targeted Danish issuance, with October 2016 and October 2017 tranches offered.

RD preps first Swedish syndicated covered

Mar 13th, 2014
Realkredit Danmark image

Realkredit Danmark is planning its first syndicated sale of a Swedish krona covered bond, which could emerge next week after a day of investor meetings today (Thursday) in Stockholm.

Stadshypotek returns to form with $1.25bn five year deal

May 17th, 2013

Svenska Handelsbanken subsidiary Stadshypotek sold a $1.25bn (Eu970m) five year covered bond yesterday (Thursday), attracting some $1.7bn of demand in a return to form after a difficult euro benchmark in March.

Norwegian plans could bolster covered quality, but spring supply surprise

Jan 10th, 2013

Florian Eichert, senior covered bond analyst, Crédit Agricole CIB, explores how Norwegian regulatory initiatives could affect Norwegian covered bonds and affect supply dynamics in 2013. 

Interview: Anders Lund Hansen, BRFkredit

Jan 10th, 2013
Anders Lund Hansen image

Anders Lund Hansen, group treasurer at BRFkredit, spoke to The Covered Bond Report’s Neil Day about the issuer’s plans for an inaugural senior unsecured trade off a new EMTN programme.

Banking licences for Boligkreditts plan good for covered, says Moody’s

Jan 10th, 2013

Moody’s has deemed credit positive for covered bonds a Norwegian Ministry of Finance proposal for Norwegian covered bond issuers to be granted limited banking licences, saying that it would increase the likelihood of timely payment for bondholders.