Posts Tagged ‘ Tier 3 ’

Moody’s, S&P attest to Nykredit SRN benefits after second issue

Jul 15th, 2016
Nykredit image

New Nykredit Realkredit “senior resolution notes” (SRNs) are positive for holders of its covered bonds, Moody’s said yesterday (Thursday), after S&P revised its outlook on the issuer from negative to stable and the Danish issuer reopened the euro senior market with its second such deal.



Innovative Nykredit SRN augurs well for Tier 3

Jul 1st, 2016
Nykredit image

Nykredit launched what has been touted as the first Tier 3 instrument in the new bail-in era on 6 June, a Eu500m three year “senior resolution note” that sits between its senior unsecured debt and junior loss-absorbing debt and whose reception was said to augur well for similar forthcoming issuance.