Landkreditt Boligkreditt expands bond, repurchases debt

Landkreditt Boligkreditt AS announced the successful expansion of its LANBK24 PRO bond (ISIN: NO0013597997), increasing its volume by NOK 2.0 bn to a total of NOK 3.0 bn. This bond features a coupon of 3m Nibor +49bp, matures on September 25, 2030, with an extended maturity option to September 25, 2031. The obligation is fully secured by Norwegian residential mortgages and holds a AAA rating from Scope Ratings, with a total framework of NOK 3.0 bn. The bond is listed on Nordic ABM.

Concurrently with the bond settlement on October 22, Landkreditt Boligkreditt repurchased NOK 386m of its LANBK16 PRO bond (ISIN NO 0010852064). Following this buyback, NOK 114m remains outstanding in this particular loan, which is slated for full redemption at par on May 15, 2026.

Nordea Markets and Danske Bank facilitated these transactions. Per Bjarne Kvande, treasury at Landkreditt Boligkreditt AS, is the contact person for further inquiries.