Posts Tagged ‘
Realkredit Danmark ’
Aug 26th, 2016
Bids were strong throughout the latest Danish refinancing auctions, with non-domestic investors in particular finding value, as Nykredit hailed improving recognition of its euro FRNs and Realkredit Danmark priced a Skr4.35bn issue with the slimmest pick-up versus domestic paper in recent years.
Posted in Denmark
Tags: ARMs, auctions, BRFkredit, Danish, Denmark, DLR Kredit, Nykredit Realkredit, Realkredit Danmark
May 27th, 2016
Nykredit is planning to cut ARMs auctions from four times to twice a year as part of an initiative aimed at offering fewer but larger lines of covered bonds to meet LCR Level 1B criteria that have affected pricing in the Danish market, where the latest auction season ended solidly.
Posted in Denmark
Tags: ARMs, BRFkredit, Danish, Denmark, DLR Kredit, Nordea Kredit, Nykredit Realkredit, Realkredit Danmark
May 13th, 2016
Danish mortgage credit institutions have announced their plans for refinancing auctions to be held later this month, with Nykredit kicking off sales on 23 May, and floating rate bonds are in focus amid a trend away from one year ARMs.
Posted in Denmark
Tags: ARMs, auctions, Danish, Denmark, Nykredit Realkredit, Realkredit Danmark
Nov 20th, 2015
Realkredit Danmark (RD) took the unprecedented step of cutting a three year covered bond auction from Dkr2.72bn to Dkr1.90bn (Eu255m) on Wednesday, citing dissatisfaction with orders for the sale, although the bulk of the week’s issuance was relatively smooth.
Posted in Denmark
Tags: ARMs, auctions, Danish, Danske, Denmark, Nykredit Realkredit, Realkredit Danmark
May 22nd, 2015
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.
Posted in Denmark
Tags: covered bonds, Denmark, FRN, Nykredit Realkredit, Realkredit Danmark
Mar 20th, 2015
Realkredit Danmark sold a Skr4.3bn (Eu465m) three-and-a-half year floating rate note on Tuesday that a syndicate banker at one of the leads said had succeeded in spite of selling pressure in Swedish covered bonds, while a Norwegian krone deal from the issuer imminent.
Posted in Sweden
Tags: Realkredit Danmark
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.
Posted in Market
Tags: ARMs, auctions, Danish, Denmark, Nykredit Realkredit, Realkredit Danmark
Nov 21st, 2014
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.
Posted in Denmark, Market
Tags: ARMs, auctions, covered bonds, Danish, Denmark, Nordea Kredit, Nykredit Realkredit, Realkredit Danmark
May 8th, 2014
Standard & Poor’s upgraded Realkredit Danmark senior secured issuance yesterday (Wednesday) following its lifting of parent bank Danske’s rating from A- to A Tuesday of last week, which came as part of wide-ranging BRRD-inspired bank rating actions.
Posted in Denmark
Tags: BRRD, Danske, Danske Bank, Realkredit Danmark, S&P, Standard & Poor's
Mar 20th, 2014
Realkredit Danmark met with strong demand for its first syndicated sale of a Swedish krona covered bond on Tuesday, a Skr6.2bn (Eu703m, Dkr5.25bn) dual tranche issue that lent more duration to Sweden-targeted Danish issuance, with October 2016 and October 2017 tranches offered.
Posted in Denmark, Market, Sweden
Tags: covered, Denmark, Realkredit Danmark