Posts Tagged ‘ Realkredit Danmark ’

RD preps first Swedish syndicated covered

Mar 13th, 2014
Realkredit Danmark image

Realkredit Danmark is planning its first syndicated sale of a Swedish krona covered bond, which could emerge next week after a day of investor meetings today (Thursday) in Stockholm.

Spreads softer towards end of Danish ARMs season

Mar 6th, 2014

Denmark’s mortgage credit institutions are nearing the end of the latest ARMs refinancing season, with a covered bond analyst suggesting that the sales did not quite go as expected.

Nykredit reels in spread for Skr5.5bn, ARMs softer

Feb 20th, 2014

Nykredit Realkredit sold its tightest syndicated Swedish krona covered bond today (Thursday), a Skr5.5bn (Eu614m, Dkr4.58bn) one year issue, after on Monday kicking off the latest round of auctions for refinancing of ARM bonds.

RD cites FlexKort amid further Nordic reporting

Feb 13th, 2014
Michael Rasmussen, 
Nykredit Realkredit

Realkredit Danmark released its 2013 full year results on Friday, reporting a Dkr158m increase in net profit to Dkr2.612bn (Eu350m), up 6% compared with 2012. It said that this captures a positive trend in core activities as well as higher funding costs and higher impairments.

Nordea gets record lowest yield as auctions close

Dec 5th, 2013
Thomas Toft Brock-Jacobsen, head of Rating & IR, BRFkredit

BRFkredit, Nordea Kredit and Realkredit Danmark finished the latest round of sales to refinance ARM bonds last Friday (29 November), with analysts noting that spreads were the lowest since before the crisis and that Nordea achieved the lowest absolute yield ever at an auction.

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.

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.

Nykredit softer on high volumes as Danish ARM auctions near end

Mar 7th, 2013

Spreads on Nykredit ARM bonds widened slightly today (Thursday) after some tightening of its one year bonds yesterday broke a softening trend, while levels on Realkredit Danmark and DLR Kredit one year bonds were almost unchanged.

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.