Posts Tagged ‘
Danish ’
Sep 12th, 2014
Danske Bank sold its first sterling covered bond on Monday, a £500m (Dkr4.64bn, Eu624m) three year floating rate note that attracted £800m of demand despite coming at the same time as a £1.5bn Barclays Bank covered bond in the same format.
Posted in Denmark
Tags: covered bond, Danish, Danske Bank, Denmark, sterling
Sep 4th, 2014
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.
Posted in Denmark
Tags: ARMs, BRFkredit, covered bonds, Danish, Denmark, DLR Kredit
Sep 4th, 2014
Nykredit Realkredit launched an inaugural senior unsecured Eu500m five year floating rate note on Tuesday, the first time the Danish financial group has issued a euro senior unsecured instrument out of its mortgage credit institution rather than Nykredit Bank.
Posted in Market
Tags: Danish, Denmark, FRN, Nykredit Realkredit, senior unsecured
Aug 28th, 2014
Moody’s changed its outlook on the Danish banking system from negative to stable yesterday (Wednesday) because of a continuing stabilisation of the operating environment and reduced risks for Danish financial institutions, with covered bond developments seen as key.
Posted in Denmark
Tags: Danish, Denmark, Moody's
Aug 21st, 2014
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.
Posted in Industry Moves
Tags: BRFkredit, Danish, Denmark, Jyske Bank, results
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.
Posted in Denmark
Tags: covered, Danish, Danske, Denmark, krona, kronor, Swedish
Jun 5th, 2014
Danske Bank priced its first euro covered bond in over a year on Tuesday, a Eu1bn seven year deal whose pricing illustrates the outperformance of Danish issues in the Nordic market, according to a lead syndicate banker.
Posted in Denmark
Tags: Danish, Danske, Danske Bank
Mar 27th, 2014
A Danish bill on conditional mortgage bond maturity extensions will help reduce liquidity risk, but does not on its own reduce refinancing risk in the country’s mortgage system, said Fitch, urging the industry to continue its efforts to tackle this risk by other means.
Posted in Denmark
Tags: auctions, Danish, Denmark, Fitch, maturity extension, refinancing, refinancing bill
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.
Posted in Denmark, Industry Moves
Tags: BRFkredit, Danish, Denmark, Jyske Bank
Feb 6th, 2014
A proposal for conditional mandatory extension of some Danish covered bonds is a “step in the right direction” but does not fully eradicate mortgage banks’ refinancing risk, S&P said yesterday (Wednesday), and an issuer said the rating agency’s intervention could be helpful.
Posted in Denmark
Tags: ARMs, Danish, Denmark, S&P, Standard & Poor's