Rogaland Sparebank Boligkreditt plans new covered bond issuance

Rogaland Sparebank Boligkreditt AS has appointed Danske Bank, DNB Markets, and SEB to explore the launch of a new Floating Rate Note (FRN) Benchmark level 2a Covered Bond. This potential issuance will have a maturity in November 2030 and will be fully backed by Norwegian residential mortgages.

The planned transaction is expected to receive an AAA rating from Scope Ratings, indicating a high level of creditworthiness. While a mandate has been issued, the launch of the covered bond is contingent on favorable market conditions and may proceed in the near future.