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

May 6, 2021:  SpaBol issued a new EUR 1 bn covered bond, with a 10 year maturity at MS +3 bps.

December 16, 2020: SpaBol started a consent solicitation via Credit Suisse and HSBC in order to convert the outstanding SpaBol FRN £500 million due Nov. 2022 to a SONIA basis. Please click here for details.  The conversion was approved by more than 2/3rds of investors on January 15, and 100% of those participating voted in favour.

September 22, 2020:   Boligkreditt issued a second EUR green covered bond of 1 bn.   This follows the inaugural EUR green covered benchmark in 2018, as well as a SEK 8.5 bn green covered bond in May 2020. 

February 12, 2019: Boligkreditt's issuer rating has now been published by Moody's.  This rating, which was previously private / not-published is derived from the Issuer ratings of Spabol's rated owner banks and has not changed when it is now published.  The Issuer rating is the starting point when Moody's develops the Aaa rating for the SpaBol covered bonds. 

SpareBank 1 Boligkreditt's Ratings:

  • Moody's Covered Bond rating: Aaa
  • Issuer rating: A2
     

Download Latest Moody's Covered Bond Performance Overview (PDF)

Download issuer rating (opinion) (PDF)

Learn more (link to Moody’s)

 

Q1
  • 09.02.21 annual and 4th quarter 2020
Q2
  • 28.04.21 1st quarter financial report 2021
Q3
  • 10.08.21 2nd quarter financial report 2021
Q4
  • 26.10.20 3rd quarter financial report 2021
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


May 6, 2021:  SpaBol issued a new EUR 1 bn covered bond, with a 10 year maturity at MS +3 bps.

December 16, 2020: SpaBol started a consent solicitation via Credit Suisse and HSBC in order to convert the outstanding SpaBol FRN £500 million due Nov. 2022 to a SONIA basis. Please click here for details.  The conversion was approved by more than 2/3rds of investors on January 15, and 100% of those participating voted in favour.

September 22, 2020:   Boligkreditt issued a second EUR green covered bond of 1 bn.   This follows the inaugural EUR green covered benchmark in 2018, as well as a SEK 8.5 bn green covered bond in May 2020. 

February 12, 2019: Boligkreditt's issuer rating has now been published by Moody's.  This rating, which was previously private / not-published is derived from the Issuer ratings of Spabol's rated owner banks and has not changed when it is now published.  The Issuer rating is the starting point when Moody's develops the Aaa rating for the SpaBol covered bonds. 

SpareBank 1 Boligkreditt's Ratings:

  • Moody's Covered Bond rating: Aaa
  • Issuer rating: A2
     

Download Latest Moody's Covered Bond Performance Overview (PDF)

Download issuer rating (opinion) (PDF)

Learn more (link to Moody’s)

 

Q1
  • 09.02.21 annual and 4th quarter 2020
Q2
  • 28.04.21 1st quarter financial report 2021
Q3
  • 10.08.21 2nd quarter financial report 2021
Q4
  • 26.10.20 3rd quarter financial report 2021

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