Active covered issuers to hit new heights
Debut benchmark covered bonds issued this week by Banco di Desio e della Brianza and Nykredit were preceded by Danske Hypotek’s inaugural deal, and with new names expected to follow later this year, the number of active issuers should reach new heights.
Danske Hypotek, the newly established funding vehicle for Danske Bank’s Swedish subsidiary, issued its first deal denominated in Swedish kronor on August 29.After getting regulatory approval to issue covered bonds at the end of June the subsidiary issued an AAA (Standard & Poor’s) rated Skr5bn (€521m) deal ...
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