Mortgage deal lets Jyske call shots on debt issuance

11 Apr 2012

A short dated public deal and opportunistic private placements will be at the heart of Jyske Bank’s funding for the rest of the year, as a new joint funding agreement allows it to be flexible in its issuance.

The February agreement with BRFkredit involves the sale of Jyske’s housing loans off its balance sheet to mortgage institution BRFkredit after origination. Jyske has €1bn of redemptions in 2013 it plans to refinance this year, and around half of the total — between Dkr3bn (€403m) and Dkr5bn — ...

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