Sparebanken Norge Boligkreditt plans five-year € covered bond offering

Sparebanken Norge Boligkreditt AS announced its intention to launch a new € benchmark five-year covered bond offering. The company has appointed a syndicate of seven joint lead managers for the transaction: Crédit Agricole CIB, Danske Bank, Deutsche Bank, Erste Group, HSBC, ING, and UBS.

The forthcoming bond will be fully backed by Norwegian residential mortgages. It is anticipated to receive a top-tier Aaa rating from Moody’s.

The launch is expected "in the near future," contingent upon favorable market conditions. John Hopp, chief executive of Sparebanken Norge Boligkreditt AS, is listed as the contact for further inquiries.