SpareBank 1 Boligkreditt explores new NOK FRN covered bond issuance

SpareBank 1 Boligkreditt has mandated Danske Bank, Nordea, SB1 Markets, and SEB to explore the launch of a new NOK FRN Benchmark Covered Bond. This Premium covered bond is expected to mature in October 2030.

The transaction is anticipated to receive an Aaa rating from Moody's and will be fully backed by Norwegian residential mortgages. The company plans to launch the transaction in the near future, pending favorable market conditions.

The target market for this financial product is restricted to eligible counterparties and professional clients across all distribution channels. No PRIIPs Key Information Document has been prepared.

Jahn Fredrik Hoff is listed as the contact person for inquiries. This strategic move aims to expand SpareBank 1 Boligkreditt's funding base with a new five-year covered bond.