Terra brings biggest covered benchmark, eyes jumbo deals

Terra Boligkreditt launched its largest ever covered bond on Tuesday when it followed Nordic peer DNB Boligkreditt with a seven year trade. The borrower boasts a new ownership structure and collateral of exemplary quality, and with increasing redemptions and a growing mortgage book it could soon become an issuer of jumbo deals, according to Kjartan Bremnes, its chief executive.