Posts Tagged ‘
Norwegian ’
May 15th, 2015
SpareBank 1 SR-Bank is planning a debut, domestic covered bond through new 100% subsidiary SR-Boligkreditt later this month or early June ahead of potential international issuance, as it shifts away from SpareBank 1 Boligkreditt (SpaBol) to optimise funding and for regulatory reasons.
Posted in Norway
Tags: covered bonds, Norway, Norwegian, SpareBank 1 SR Bank, SpareBanken 1 Boligkreditt
Apr 24th, 2015
Sparebanken Vest Boligkreditt on Wednesday sold the first Norwegian euro benchmark covered bond of the year, a Eu500m seven year that achieved tighter pricing than some market participants had expected, and an official at the Norwegian issuer said it may become a more frequent visitor to euros.
Posted in Norway
Tags: covered bond, DNB Boligkreditt, euros, Norway, Norwegian, Sparebanken Vest Boligkreditt, sterling
Apr 10th, 2015
Santander Consumer Bank Nordic on Wednesday attracted Eu2bn of demand for a Eu750m (Nkr6.50bn) three year senior unsecured benchmark, allowing the issuer to price at the tight end of guidance while enlarging the deal to its maximum targeted size, according to an official at the issuer.
Posted in Norway
Tags: Norway, Norwegian, Santander Consumer Bank Nordic, Santander Consumer Finance
Jan 16th, 2015
Lately some investors have become a little concerned about Canadian and Norwegian covered bonds on the back of the major oil price drop of the last few months, write Crédit Agricole CIB covered bond analysts Florian Eichert and Stephan Dorner.
Posted in From Crédit Agricole CIB
Tags: covered bonds, Norway, Norwegian, oil
Nov 28th, 2014
A new Norwegian Act on Financial Institutions being considered by parliament will amend the country’s covered bond framework so that covered bond issuers are treated the same as banks in the event of insolvency, and will also repeal Norway’s securitisation law.
Posted in Norway
Tags: BA-HR, covered bonds, Fitch, legislation, Norway, Norwegian, securitisation
Nov 14th, 2014
DNB Boligkreditt sold a Eu500m (Nkr4.23bn) seven year floating rate covered bond last Friday (7 November), building on reverse enquiries to open a new FRN maturity after having tapped a five year through 2014.
Posted in Norway
Tags: covered bonds, DNB Boligkreditt, Norway, Norwegian
Oct 31st, 2014
Members of the SpareBank 1 alliance in Norway are setting up their own covered bond issuers as a back-up to SpareBank 1 Boligkreditt (SpaBol) because of large exposure limit regulation.
Posted in Norway
Tags: covered bonds, Norway, Norwegian, SpareBank 1 Boligkreditt, SpareBank 1 Nord-Norge, SpareBank 1 SR Bank
Oct 24th, 2014
Moody’s upgraded Eika Boligkreditt mortgage covered bonds from Aa2 to Aa1 on Thursday of last week.
Posted in Norway
Tags: covered bonds, Eika Boligkreditt, Moody's, Norway, Norwegian
Oct 10th, 2014
A brief payment delay on a covered bond from Norway’s Sør Boligkreditt that matured last month and which was due to an operational error has no credit impact and is extremely unlikely to happen again, according to Moody’s, which rates the issuer’s covered bonds Aaa.
Posted in Norway
Tags: Moody's, Norway, Norwegian, Pluss Boligkreditt, Sor Boligkreditt, Sparebanken Sor
Oct 2nd, 2014
Payment on a Nkr30m (Eu3.66m) maturing covered bond of Sør Boligkreditt, the issuer of Norway’s Sparebanken Sør, was delayed by three days over last weekend because an amendment to the structure three years ago was not correctly registered in a payment system, according to an official at the issuer.
Posted in Norway
Tags: covered bond, Norway, Norwegian, Pluss Boligkreditt, Sor Boligkreditt, Sparebanken Pluss, Sparebanken Sor