Nykredit goes two-tier for commercial mortgages
Nykredit on Monday introduced two-tier mortgage lending to finance commercial properties in a bid to avoid the potential costs associated with issuing junior covered bonds. The new approach involves the re-emergence of traditional mortgage bonds, issuance of which had fallen significantly after January 2008, when the Capital Requirements Directive (CRD) came into effect.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts