Landkreditt Boligkreditt plans NOK 2bn upsizing of covered bond

Landkreditt Boligkreditt AS has mandated Danske Bank and Nordea to explore increasing its LANDBK24 PRO bond. The company intends to raise the bond's total volume by NOK 2bn, from its current NOK 1bn, to a new total of NOK 3bn. This bond matures on September 25, 2030, and is backed entirely by Norwegian residential mortgages.

The bond currently holds a AAA rating from Scope Ratings. The potential transaction is expected to launch soon, contingent upon prevailing market conditions.

For further inquiries, Landkreditt Boligkreditt AS provided contact information for Per Bjarne Kvande in treasury and Joakim Kase, cfo.