Posts Tagged ‘
Norway ’
May 30th, 2013
The International Monetary Fund has voiced its support for regulatory initiatives underway in Norway such as plans for higher risk weights for mortgages and closer scrutiny of covered bond issuance. Meanwhile, the Riksbank said Sweden’s banks need to be more resilient in the long run.
Posted in Norway
Tags: covered bonds, IMF, Norway, Norwegian, Riksbank, Sweden, Swedish
May 2nd, 2013
Fitch has made more conservative some of its criteria for analysing residential loans in Norway, it said on Monday.
Posted in Norway
Tags: Norway, Norwegian
Apr 25th, 2013
SpareBank 1 Boligkreditt priced a $1bn five year deal yesterday (Wednesday) after choosing the US dollar market over euros for its first benchmark covered bond of the year to capture momentum from a recent roadshow in the US, while a French issuer is also said to be eyeing dollars.
Posted in Norway
Tags: dollars, Norway, SpareBank 1 Boligkreditt, US
Apr 11th, 2013
Eika Boligkreditt has responded to stricter capital requirements proposed by the country’s ministry of finance by increasing its capital targets, in relation to which it will seek approval to issue up to Nkr600m of new subordinated debt, it announced today (Thursday).
Posted in Norway
Tags: Norway
Apr 4th, 2013
Eika Boligkreditt, formerly known as Terra BoligKreditt (TBK), posted a 240% rise in pre-tax profit in 2012 following an increase in lending activities and in margins on lending, according to an official at the Norwegian issuer.
Posted in Norway
Tags: Eika Boligkreditt, Norway, Norwegian, Terra BoligKreditt
Mar 14th, 2013
A proposal by the Norwegian Financial Supervisory Authority (Finanstilsynet) to tighten risk weights for residential mortgages is credit positive as it would press Norwegian banks to further strengthen their capital bases, Moody’s said on Monday.
Posted in Norway
Tags: Finanstilsynet, Moody's, Norway, Norwegian Financial Supervisory Authority, Norwigian
Mar 14th, 2013
DNB today (Thursday) became the first European issuer to sell a US targeted benchmark covered bond this year, after SEB yesterday placed an inaugural, $1.25bn five year senior unsecured deal as dollars offered high quality Yankee names better terms than euros.
Posted in Norway, Sweden
Tags: DNB Boligkreditt, Norway, Norwegian, SEB, Skandinaviska Enskilda Banken (SEB), Sweden, Swedish
Mar 7th, 2013
Moody’s downgraded the ratings of SpareBank 1 Nord-Norge and Sparebanken Hedmark from A1 to A2 on Monday, but confirmed the A2 ratings of SpareBank 1 SMN and SpareBank 1 SR-Bank, citing a weakening of the SpareBank 1 Alliance.
Posted in Norway
Tags: Moody's, Norway, Norwegian
Mar 7th, 2013
Norway’s FSA appears to have come out in favour of a bank-by-bank approach to assessing risks associated with covered bond issuance, according to feedback given to the ministry of finance, while Norges Bank has opposed giving covered bond companies regular access to its liquidity facilities.
Posted in Norway
Tags: Finanstilsynet, Norges Bank, Norway, Norwegian
Feb 21st, 2013
SpareBank 1 SMN paid up to sell an inaugural fixed rate euro senior unsecured transaction last Thursday (14 February), but hopes that the spread between it and its Norwegian peers will narrow over time after an encouraging investor reception, said an official at the issuer.
Posted in Norway
Tags: Norway, Norwegian, SpareBank 1 SMN