Scandie firms tap MTNs for regulatory debt

By Frank Jackman
19 Mar 2021

Danish firm Nykredit Realkredit tapped the MTN market for non-preferred paper this week ahead of a deadline for regulatory debt buffers next year. Elsewhere, Alandsbanken issued its first additional tier one (AT1) note.

As a specialist lender, Nykredit is exempt from the minimum requirements for own funds and eligible liabilities (MREL). However, it is still required to meet a bail-in debt buffer by 2022.

As a result, the Danish lender must have on issue bail-inable securities worth more than 8% of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial