Posts Tagged ‘ Sparebanken Sor ’

Sparebanken Sør well positioned after Eu500m debut

Mar 18th, 2016

Sparebanken Sør Boligkreditt made its euro-denominated covered bond debut on Tuesday – joining the market to meet increased funding needs, according to the issuer’s CEO – and bankers said the Eu500m five year issue positioned the Norwegian issuer well next to its peers.

Sør Boligkreditt covered payment delay has ‘no credit impact’

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.

Delayed Sparebanken Sør maturity payment on covered bond ‘technical’

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.