Debt
Nykredit is the world’s largest issuer of covered bonds backed by mortgages. Covered bonds are issued at a wide variety of maturities and under different structures. The majority of the bonds are issued in DKK, but Nykredit is also a regular issuer of covered bonds denominated in EUR and SEK.
Green bonds
Nykredit aims to make it more attractive to finance energy-efficient buildings by launching green mortgage loans and bonds.
Refinancing auctions
Nykredit is conducting refinancing auctions of covered bonds four times a year to refinance Adjustable Rate Mortgages and floating rate loans. In 2018, Nykredit issued bonds worth DKK 155 billion in refinancing auctions. Auctions terms and the latest auction results below will be updated prior to and during refinancing auctions.
Nykredit bond information
In order to maintain a high level of transparency in the Danish mortgage bond market, Nykredit publish a number of data for bond investors. The purpose is to support effective pricing of callable covered bonds by providing data that can be used to model debtor’s prepayment behavior.
Rating
Nykredit funds most of its lending via the capital markets and access to these markets are therefor important for the Goup’s ability to extend new loans and roll over funding.
Nykredit’s covered bonds are rated by S&P Global Ratings. The covered bonds rated by S&P have been assigned a AAA rating.
Both S&P Global Ratings and Fitch have assigned short and long term ratings to companies within Nykredit Group.
Funding programs
Nykredit issues all of its covered bonds under the same base prospectus, while most other debt is issued under the EMTN-programme. However some older debt and capital instruments are issued under separate documentation. On this page you can find documentation for bonds issued by Nykredit Group.
