Posts Tagged ‘ Nykredit Realkredit ’

Nykredit eyes bail-in-able Eu3bn as S&P cuts, other Danes okayed

Jul 17th, 2015
Nykredit image

Nykredit Realkredit has confirmed it is targeting some Eu3bn (Dkr22bn) of bond issuance eligible for bail-in buffers over the next two years to bolster its capital after Standard & Poor’s downgraded it from A+ to A on Monday and left the rating on negative outlook.

Moody’s ups six Nordics as new criteria reflect strengths

Jun 18th, 2015

Moody’s upgraded six Nordic issuers yesterday (Wednesday) – Danske, DNB, Handelsbanken, Nykredit Realkredit, SEB and Swedbank – citing strong macro profiles, healthy and strengthened core financial ratios and benefits of the introduction of bail-in regimes across the region.

Record RD FRN reflects mortgage, coupon moves

May 22nd, 2015
Realkredit Danmark image

Realkredit Danmark (RD) sold a Dkr42.4bn (Eu5.68bn) 18 month floating rate note – the largest ever FRN in the Danish covered bond market – in auctions from Monday to yesterday (Thursday), with the size reflecting changes in the type of mortgage being taken out and the maturity a debate over negative coupons in Denmark.

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.

Nykredit Skr7bn sells in spite of rate negativity

Mar 6th, 2015

Nykredit Realkredit sold Skr7bn (Eu758m, Dkr5.65bn) of July 2016 floating rate notes on Wednesday in spite of concerns over the possibility of investors having to pay issuers on FRNs if rates turn negative. Realkredit Danmark is meanwhile eyeing Norwegian krone and Swedish krona issuance.

ARMs auctions recover after yields back up on Danish krone nerves

Feb 27th, 2015

The start of the first Danish auction season to include sales of adjustable rate mortgage (ARM) bonds at negative yields was hit by nervousness about the Danish currency and interest rates on Monday, with yields backing up more than 30bp, but levels and bit-to-covers improved from Tuesday onwards.

Swedbank debuts as Nordics hit finely-poised AT1 en masse

Feb 13th, 2015

Danske and Swedbank this week hit a hectic Additional Tier 1 (AT1) market and Handelsbanken and Nykredit Realkredit mandated debuts in spite of some weakness in the hybrid asset class, while DNB today (Friday) stuck to its domestic market for its first AT1.

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.

‘Turmoil’ in Danish auctions as ARMs spreads widen sharply

Nov 21st, 2014
Realkredit Danmark image

Spreads on Danish one year ARM bonds widened by up to 10bp over the first three days of the latest refinancing auction season this week and bid-to-cover ratios hit lows, despite a sharp fall in supply, with market participants struggling to remember such turbulent conditions and understand the moves.

Nykredit halves one year ARMs for auctions, builds up euro FRNs

Nov 14th, 2014

Nykredit Realkredit has halved the amount of one year ARMs bonds it is selling when it kicks off the latest Danish auction season on Monday from Dkr74bn to Dkr37bn (Eu4.97bn) as its customers move towards longer dated mortgage products, and is building up euro FRNs in connection with this.