Posts Tagged ‘ DLR Kredit ’

Foreign demand and issuance highlighted amid Danish sales

Aug 26th, 2016
Nykredit image

Bids were strong throughout the latest Danish refinancing auctions, with non-domestic investors in particular finding value, as Nykredit hailed improving recognition of its euro FRNs and Realkredit Danmark priced a Skr4.35bn issue with the slimmest pick-up versus domestic paper in recent years.

Nykredit to cut auctions and ISINs in bid for LCR magic

May 27th, 2016
Nykredit image

Nykredit is planning to cut ARMs auctions from four times to twice a year as part of an initiative aimed at offering fewer but larger lines of covered bonds to meet LCR Level 1B criteria that have affected pricing in the Danish market, where the latest auction season ended solidly.

S&P considers Nykredit, DLR cuts on BRRD

May 15th, 2015
Nykredit image

Standard & Poor’s on Tuesday placed Nykredit and DLR Kredit on CreditWatch Negative but affirmed its ratings of fellow Danish banks Jyske, Danske and Nordea Bank Danmark, after completing a review relating to the potential withdrawal of government support for the banking sector under the Bank Recovery & Resolution Directive.

Danish spreads, bids recover as auctions close

Nov 28th, 2014
DLR image

Spreads on Danish one year ARM bonds recovered in auctions in the first half of this week after having widened sharply last week, with bid-to-cover levels also improving, as Nykredit and BRFkredit finished their sales, while DLR Kredit only has one day left.

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.

Spreads softer towards end of Danish ARMs season

Mar 6th, 2014

Denmark’s mortgage credit institutions are nearing the end of the latest ARMs refinancing season, with a covered bond analyst suggesting that the sales did not quite go as expected.

DLR, Nykredit struck by ‘serious’ bidding across ARMs auctions

Nov 28th, 2013
DLR image

DLR Kredit and Nykredit Realkredit wrapped up November auctions for the refinancing of their ARM bonds yesterday (Wednesday), with officials at both institutions highlighting the high quality of bidding.

ARMs hit record lows on fall in supply, extension plan

Nov 21st, 2013

Bonds to refinance ARMs have been sold at record low yields and spreads since the latest Danish auction season began on Monday, with this being attributed to lower supply and planned changes to ARMs — even though these were postponed by three months.

Danes tackle ARMs concerns via callable revival, new Cita loans

Oct 31st, 2013
Klaus Kristiansen, RD

Danish lenders are responding to regulatory and rating agency pressures to reduce the share of adjustable rate mortgages (ARMs) with the launch of Cita-based loans and a revival of fixed rate callables, with Moody’s highlighting Nordea Kredit’s success in the latter as credit positive.

DLR plans to bring forward sales after weaker end to auctions

Sep 5th, 2013
DLR image

DLR Kredit will align its sales to coincide with those of its peers when the next Danish auction season begins in November, with the issuer having attracted weaker interest when finishing off the latest round of sales this week, according to an official at DLR Kredit.