Posts Tagged ‘
Denmark ’
Nov 14th, 2014
Nykredit Realkredit has halved the amount of one year ARMs bonds it is selling when it kicks off the latest Danish auction season on Monday from Dkr74bn to Dkr37bn (Eu4.97bn) as its customers move towards longer dated mortgage products, and is building up euro FRNs in connection with this.
Posted in Denmark
Tags: ARMs, Danish, Denmark, Nykredit Realkredit
Oct 17th, 2014
Covered bonds’ anticipated favourable treatment in the Liquidity Coverage Requirement was confirmed by the European Commission on Friday, with the highest rated covered bonds eligible for up to 70% of liquidity buffers as Level 1 assets and others in Level 2A or 2B.
Posted in Industry Moves
Tags: Basel III, covered bonds, Danish, Denmark, European Commission, LCRs
Sep 19th, 2014
The Danish FSA (Finanstilsynet) set out proposals for a “Supervisory Diamond” for Denmark’s mortgage credit institutions on Thursday of last week (11 September) that aims to reinforce the Danish industry’s systemic stability, including moves away from one year ARMs and interest-only (IO) loans.
Posted in Denmark
Tags: ARMs, Danish, Denmark, Finanstilsynet, FSA, interest only, IOs, Supervisory Diamond
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.
Posted in Market
Tags: covered, Danish, Danske Bank, Denmark
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
Nykredit Realkredit got the new Danish auction season off to a flying start on Monday morning when its opening, Dkr7bn (Eu939m) sale of one year ARM bonds attracted some Dkr27.9bn of bids and achieved a level inside expectations, and the following auctions unfolded in the same vein.
Posted in Market
Tags: ARMs, auctions, Danes, Denmark, Nykredit Realkredit