Posts Tagged ‘ Denmark ’

Nykredit halves one year ARMs for auctions, builds up euro FRNs

Nov 14th, 2014
NykreditNew

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.



Favourable covered treatment confirmed in EC LCR rules

Oct 17th, 2014
Drapeaux européens devant le Berlaymont

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.



Mortgage diamond clamps down on ARMs, IOs

Sep 19th, 2014
Finanstilsynet Danish FSA sign edit

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.



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

Sep 19th, 2014
Danske

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 finds strong demand for inaugural £500m covered bond

Sep 12th, 2014
Danske

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.



DLR gets ‘good level’, new BRF bonds accepted

Sep 4th, 2014
DLR image

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.



Nykredit Realkredit in Eu500m euro senior unsecured FRN first

Sep 4th, 2014
Nykredit image

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.



Moody’s ups Danish outlook, final LCR awaited

Aug 28th, 2014
Moodys logo

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.



Jyske H1 results boosted by BRFkredit merger

Aug 21st, 2014
Anders Dam. Jyske Bank.

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.



Nykredit ARMs opener four times covered as levels beat expectations

Aug 21st, 2014
Nykredit image

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.