OBOS Boligkreditt repurchases and plans to write down covered bonds

OBOS Boligkreditt announced a significant buyback of its own covered bonds, specifically MNOK 2,365 in the OBBK08 PRO series. These bonds, identified by ISIN NO0010922842, were originally set to mature on February 4, 2026. Following the repurchase, the company stated its intention to write down the outstanding amount by the same figure, MNOK 2,365. This action will effectively reduce the total value of these specific covered bonds in circulation.

The buyback and subsequent planned write-down demonstrate OBOS Boligkreditt's active management of its debt portfolio. By repurchasing bonds before their maturity date, the company can optimize its financial structure and potentially reduce future interest payment obligations. This type of transaction is a common strategy for issuers seeking to manage their liabilities and capital structure efficiently.

For further inquiries, contact anita eidem, chief executive, at +47 936 75 148, or sarmad mehrnawaz, head of treasury, at +47 984 65 272. The announcement provides clear insight into the company's financial operations and its proactive approach to debt management.