SpareBank 1 Boligkreditt

SpareBank 1 Boligkreditt (SpaBol) is a Norwegian covered bond issuer jointly owned by the saving banks working closely together under the SpareBank 1 brand. The cover pool consists of high quality single family Norwegian residential mortgages, as well as liquid assets.
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March 16, 2026

SpaBol issued a first EUR benchmark 1 billion bond on March 16, after a two week pause in the covered bond market following geopolitical tensions.  The bond came at MS+24 and had a 6-year tenor.   Books were above 1.8 bn and 1.55 bn at re-offer, after a start with IPTs of MS+30 area.   The bond was well placed with a broad base of investors, but at a slighty elevated spread compared to an expectation of the re-offer level prior to Feb 28, 2026.
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Calendar

Q4

31 October 2025

3rd quarter 2025 report published

Q1

10 February 2026

4th quarter 2025 report published

Q1

27 March 2026

2025 annual report published

Q2

05 May 2026

1st quarter 2026 report published

Q3

10 August 2026

2nd quarter 2026 report published

Q4

2 November 2026

3rd quarter 2026 report published

Our ratings

SpareBank 1 Boligkreditt’s Ratings:

  • Moody’s Covered Bond rating: Aaa
  • Issuer rating: Aa3