Posts Tagged ‘ kroner ’

SKK1.25bn tranche ‘cherry on cake’ of debut Jyske AT1

Sep 13th, 2016
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A debut, dual tranche DKK1.5bn equivalent AT1 for Jyske Bank on 7 September was more than twice oversubscribed, and comprised the first benchmark Swedish krona AT1 from a non-domestic name, with a Jyske official deeming the result a testament to years of work in the Swedish market.



Value in ARM bonds attracts buyers to Danish auctions

Aug 18th, 2016
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The opening sales of the latest Danish refinancing auctions yesterday and today achieved encouraging bid-to-covers, with market participants attributing the demand to the spreads being attractive against a range of alternatives, and FRNs sold next week are expected to be well received.



OBOS set for Q3 krone covered bond debut after loan growth

Aug 5th, 2016
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Norway’s OBOS-banken is set to issue a debut Norwegian krone covered bond through a new wholly-owned covered bond issuer in the third quarter, having on Wednesday received a provisional covered bond rating from Moody’s, as it negotiates a split from issuer Eika Boligkreditt.



Storebrand late payment ‘technical’, credit quality ‘unaffected’

Jun 23rd, 2016
Storebrand

Storebrand Boligkreditt repaid a maturing Norwegian krone covered bond two days late last week, according to Moody’s, which said that the payment delay was due to a technical error, is not considered a default, and has not affected the credit quality of the programme.