Posts Tagged ‘
Norway ’
Sep 19th, 2014
KLP Boligkreditt issued its first covered bond on 5 September, a Nkr500m (Eu60m) five year floating rate note, and an official at KLP Banken said that a next covered bond issue is already being worked on, with Nkr5bn expected by the end of 2015.
Posted in Norway
Tags: covered, KLP Boligkreditt, Norway, Norwegian
Sep 4th, 2014
Norway’s KLP Boligkreditt is close to making its covered bond debut, with a domestic issue targeted for launch this month, according to an official at the issuer, after Moody’s yesterday (Wednesday) assigned a provisional rating to the covered bonds.
Posted in Norway
Tags: covered bonds, KLP Boligkreditt, Norway, Norwegian
Sep 4th, 2014
Nordea Eiendomskreditt made its sterling covered bond debut today (Thursday) with a £500m (Eu627m, Nkr5.11bn) three year FRN that was nearly twice subscribed and said to be the tightest deal in the currency so far, also coming inside theoretical euro new issue levels.
Posted in Sweden
Tags: covered bond, Nordea Eiendomskreditt, Norway, Norwegian, sterling
Aug 28th, 2014
Changes to capital requirements announced by the Norwegian ministry of finance that are in line with the latest EU Capital Requirements Directive (CRD) are credit positive for the country’s banks, Moody’s said today (Thursday), in that they will strengthen the financial institutions’ capital buffers.
Posted in Norway
Tags: Moody's, Norway, Norwegian
Jul 10th, 2014
DNB’s second quarter pre-tax profits fell short of consensus expectations as the Norwegian bank announced its results today (Thursday), but it reported a CET1 level that suggests it “is becoming more like its Swedish peers and competitors”, according to a Kepler Cheuvreux analyst.
Posted in Norway
Tags: DNB, DNB Bank, Nordic, Norway
May 22nd, 2014
The designation of DNB, Nordea Bank Norge and Kommunalbanken as systemically important financial institutions (SIFIs) by the Norwegian Ministry of Finance is credit positive, Moody’s said on Monday, noting that an FSA proposal to include regional players was not taken up.
Posted in Norway
Tags: DNB, Moody's, Nordea Bank, Norway
May 16th, 2014
SpareBank 1 SMN sold its second euro fixed rate senior unsecured benchmark on Tuesday, a Eu500m no-grow five year issue that was priced 35bp tighter than its debut last year and, according to an official at the Norwegian bank, came with a narrower spread differential to its peers.
Posted in Norway
Tags: Norway, SpareBank 1 Boligkreditt
Apr 10th, 2014
Norway’s KLP Banken is eyeing a first mortgage-backed covered bond issue out of new entity KLP Boligkreditt in the coming months, after having received approval for the specialist institution from the Norwegian FSA (Finanstilsynet) last month.
Posted in Norway
Tags: KLP Banken, KLP Boligkreditt, Norway, Norwegian
Apr 4th, 2014
SpareBank 1 SR Bank sold a Eu750m seven year senior unsecured issue yesterday (Thursday), the Norwegian bank’s largest euro benchmark and a deal that adds a new longest dated point to its curve.
Posted in Norway
Tags: Norway, SpareBank 1 SR Bank, SR-Bank
Mar 27th, 2014
The impact of the Norwegian housing market on covered bonds has been an ongoing topic for quite some time now. After strong growth of over 300% in the last 20 years, we’ve started to see the beginning of a correction in Norwegian house prices more recently.
Posted in From Crédit Agricole CIB
Tags: covered bonds, Moody's, Norway, OC, overcollateralisation, S&P, Standard & Poor's