The following page sets out important legal and regulatory information about all materials contained on the SpareBank 1 Boligkreditt AS website (www.spabol.no). This page is designed to prevent unsuitable categories of investors from accessing materials contained on this website. Please read this page carefully before proceeding any further as you will be asked to accept these terms and conditions before proceeding.
BY ACCESSING OR USING ANY PAGE OF THIS WEBSITE, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS BELOW. IF YOU DO NOT AGREE TO SUCH TERMS AND CONDITIONS, YOU SHOULD EXIT THIS WEBSITE IMMEDIATELY.
The information contained on this website does not constitute, and may not be used as, an offer or solicitation to buy or sell securities in the United States or to US Persons or in any jurisdiction or jurisdictions in which such offer or solicitation is unlawful prior to registration or qualification under the securities laws of any such jurisdiction. As a result of these restrictions, you are advised to consult legal counsel prior to making any investment decisions with respect to any materials contained on this website.
The materials published on this website are intended for authorised use only and may not be published, copied or distributed to any other person. The information contained in the materials displayed on this website is highly confidential and may not be disclosed or distributed to anyone without SpareBank’s prior written consent. SpareBank has the right to suspend or withdraw your access to all or any part of this website without prior notice at any time.
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This page provides an overview of ESG topics in SpareBank 1 Boligkreditt (the Company or SpaBol).
The specialist covered bond issuer SpaBol is closely and carefully linked with its SpareBank 1 ownership banks, for which it functions as a specialized finance entity. The purpose of SpaBol is to finance the SpareBank 1 banks with proceeds from covered bond issuances, based on residential mortgages in Norway, originated by the Company's owner banks and sold and transferred to SpaBol's cover pool. The Company originates no mortgages on its own, and is subject to the covered bond legislation with regards to mortgages it can finance. The SpareBank 1 banks originate all mortgages, subject to laws and regulations in Norway (which include maximum debt and repayment capabilities of household borrowers). The SpareBank 1 banks continue to have certain obligations for SpaBol after the sale of mortgages to the Company. SpaBol has a total of 7 full time employees.
Environmental
SpareBank 1 Boligkreditt is a green bond issuer. The Company has created a Green Bond Framework which adheres to the EU Taxonomy for green buildings. The green bond framework and other information is available under the "Green Bonds" tab on this website. The SpareBank 1 banks are offering interest rate savings for customers who take out a green mortgage, as well as for other environmental loans, and are thereby aiming to grow its share of green finance.
Social
The Company follows all rules and regulations in Norway. However, as a specialist issuer of covered bonds based on already originated mortgages loans, SpaBol has no Social programme or mandate. We are integrated in our parent banks' organisatons where and when they adress this topic. The relavant material is adressed by clicking on the links below for the SpaBol's three largest owner banks:
Governance
Relevant governance documents are found on the left hand side
The presentation of management and the Board of Directors are found under the tab "About us" on this website.
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