Posts Tagged ‘ Nykredit Realkredit ’

ARMs hit record lows on fall in supply, extension plan

Nov 21st, 2013

Bonds to refinance ARMs have been sold at record low yields and spreads since the latest Danish auction season began on Monday, with this being attributed to lower supply and planned changes to ARMs — even though these were postponed by three months.

Danes tackle ARMs concerns via callable revival, new Cita loans

Oct 31st, 2013
Klaus Kristiansen, RD

Danish lenders are responding to regulatory and rating agency pressures to reduce the share of adjustable rate mortgages (ARMs) with the launch of Cita-based loans and a revival of fixed rate callables, with Moody’s highlighting Nordea Kredit’s success in the latter as credit positive.

‘Awesome’ demand for Skr10.3bn syndicated Nykredit issue

Sep 5th, 2013
Nykredit image

Nykredit Realkredit drew Skr50bn of orders when it sold Skr10.3bn (Eu1.18bn, Dkr8.81bn) of one year SDOs backed by Swedish mortgages in its third such sale last Thursday (August 29). Meanwhile DLR Kredit rounded off the latest Danish auction season today (Thursday).

DLR Kredit next up with ‘no hiccups’ so far for ARM auctions

Aug 29th, 2013

Nordea Kredit and Nykredit Realkredit wrapped up adjustable rate mortgage (ARM) bond auctions today (Thursday) and BRFkredit is set to finish its sales tomorrow, with an official at BRFkredit saying that “no hiccups whatsoever” have affected the autumn auctions so far.

Nykredit ARM auctions smooth and steady

Aug 22nd, 2013

There was a break in Nykredit Realkredit ARM bond auctions today (Thursday) as the issuer held standalone auctions of floating rate notes, with the ARM bond auctions said to be unfolding consistently since the first fixed rate bullet bonds were offered last week.

Nykredit finds strong demand in opening ARMs offering

Aug 15th, 2013

Nykredit Realkredit kicked off autumn refinancing auctions in Denmark today (Thursday), with “extraordinarily high” interest coming in for its offering of one year ARM bonds, according to an official at the issuer, although an analyst said the outcome was not surprising.

One year still the Danish focus but RD preps Cita alternative

Aug 8th, 2013

Nykredit will launch its August refinancing auctions next Thursday, with one year ARM bonds dominating after a smaller than expected take-up of longer interest reset periods. Meanwhile, Realkredit Danmark is launching a Cita product aimed at addressing concerns about refinancing risk.

New names for rebranded Nykredit senior secured

Apr 25th, 2013

A Eu500m five year Nykredit Realkredit senior secured deal met with “massive” demand on Monday, including orders from first-time buyers in Asia, Portugal and Spain, said an official at the issuer, as a shift away from the “Junior Covered Bond” name made for an easier sale.

Nykredit eyes JCB, senior euro benchmarks in H2

Feb 21st, 2013

Nykredit Realkredit is planning a benchmark euro Junior Covered Bond later this year and Nykredit Bank a benchmark euro senior unsecured bond, although issuance of the two instruments is likely to be lower this year than last, officials at the two arms of the Nykredit group said yesterday (Wednesday).

Nykredit to start auctions end-Feb, Realkredit Danmark rejigs fives

Jan 31st, 2013

Nykredit Realkredit will kick off Denmark’s next round of ARM refinancing auctions on 25 February, with Nordea Kredit following suit a day later and Realkredit Danmark starting its auctions on 4 March, according to preliminary information recently announced by the banks.