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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August 25, 2026

SpaBol issued an inaugural EU Green Bond.  The Programme update in the spring 2026 had laid the ground work for this issue, which was followed by a final documentation and data analysis regarding green mortgage data over the summer 2026.  A new sub-section under "Green Bonds" on the SpaBol website contains all the documentation and explanations with regards to the EU GB process.  SpaBol has ICMA Green Bonds outstanding, but will focus on only issuing green bonds in the EU GB format in the future.    The bond was well received with an orderbook of approx. EUR 3.4 bn at re-offer of MS+23 after an IPT of 30 area.  
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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