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. Learn more


Norway - Key Facts

Stavanger, November 6, 2017: SpareBank 1 Boligkreditt issued an inaugural £500 million covered bond in the FRN format at 27 bps over sterling LIBOR. The bond has a 5 year expected maturity.  Arrangers were Natwest Markets, Credit Suisse and HSBC.

Stavanger, October 23, 2017: Fitch has withdrawn its rating for SpareBank 1 Boligkreditt's covered bonds following an earlier request to do so from the issuer for commercial reasons. The covered bonds were rated AAA at the time of withdrawal with a stable outlook.  Moody's rating at Aaa (stable outlook) remain. 

Stavanger, January 18, 2016:  SpareBank 1 Boligkreditt today priced a EUR 1 bn 5 year Covered Bond at EUR mid-swaps + 0 basis points.  The issue was oversubscribed and will settle on January 25, 2016.  Arrangers were Commerzbank, Nordea, DZ Bank and Credit Agricole.  Co-leads were Bayern LB and Deka Bank.

Stavanger, August 23, 2016:  SpareBank 1 Boligkreditt today priced a EUR 1 bn 10 year Covered Bond at EUR mid-swaps + 4 basis points.  The issue was oversubscribed and will settle on August 30 2016.  Arrangers were BNP Paribas, Citi, HSBC and UniCredit.  Co-leads were NordLB and Deka Bank.

See below for Sparebank 1 Boligkreditt's financial calendar.
Q1
  • 09.02 Annual accounts 2017
Q2
  • 25.04 1st quarter financial report 2018
Q3
  • 07.08 2nd quarter financial report 2018
Q4
  • 24.10 3rd quarter financial report 2018

SpareBank 1 Boligkreditt's Covered Bond Ratings:

Moody's: Aaa
 

Download Latest Moody's Report (PDF)

Learn more (link to Moody’s)

 

See below for Sparebank 1 Boligkreditt's financial calendar.
Q1
  • 09.02 Annual accounts 2017
Q2
  • 25.04 1st quarter financial report 2018
Q3
  • 07.08 2nd quarter financial report 2018
Q4
  • 24.10 3rd quarter financial report 2018

update pending

See below for Sparebank 1 Boligkreditt's financial calendar.
Q1
  • 09.02 Annual accounts 2017
Q2
  • 25.04 1st quarter financial report 2018
Q3
  • 07.08 2nd quarter financial report 2018
Q4
  • 24.10 3rd quarter financial report 2018
Covered Bond

SpareBank 1 Boligkreditt is a labelled covered bond issuer. Details of the label and information on SpareBank 1 outstanding covered bonds are available on the European Covered Bond Council (ECBC) covered bond label webpage:
www.coveredbondlabel.com


Stavanger, November 6, 2017: SpareBank 1 Boligkreditt issued an inaugural £500 million covered bond in the FRN format at 27 bps over sterling LIBOR. The bond has a 5 year expected maturity.  Arrangers were Natwest Markets, Credit Suisse and HSBC.

Stavanger, October 23, 2017: Fitch has withdrawn its rating for SpareBank 1 Boligkreditt's covered bonds following an earlier request to do so from the issuer for commercial reasons. The covered bonds were rated AAA at the time of withdrawal with a stable outlook.  Moody's rating at Aaa (stable outlook) remain. 

Stavanger, January 18, 2016:  SpareBank 1 Boligkreditt today priced a EUR 1 bn 5 year Covered Bond at EUR mid-swaps + 0 basis points.  The issue was oversubscribed and will settle on January 25, 2016.  Arrangers were Commerzbank, Nordea, DZ Bank and Credit Agricole.  Co-leads were Bayern LB and Deka Bank.

Stavanger, August 23, 2016:  SpareBank 1 Boligkreditt today priced a EUR 1 bn 10 year Covered Bond at EUR mid-swaps + 4 basis points.  The issue was oversubscribed and will settle on August 30 2016.  Arrangers were BNP Paribas, Citi, HSBC and UniCredit.  Co-leads were NordLB and Deka Bank.

SpareBank 1 Boligkreditt's Covered Bond Ratings:

Moody's: Aaa
 

Download Latest Moody's Report (PDF)

Learn more (link to Moody’s)

 

update pending

See below for Sparebank 1 Boligkreditt's financial calendar.
Q1
  • 09.02 Annual accounts 2017
Q2
  • 25.04 1st quarter financial report 2018
Q3
  • 07.08 2nd quarter financial report 2018
Q4
  • 24.10 3rd quarter financial report 2018

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