By Rebecca Melvin
Concord, N.H., June 8 – EIKA Boligkreditt AS priced €500 million 0.125% green covered bonds due June 16, 2031 (expected rating: Aaa//) on Tuesday, according to a regulatory notice.
The company’s inaugural green note priced at 99.642 to yield 0.161% or a spread of 7 basis points over mid-swaps.
Commerzbank AG, Credit Agricole CIB, ING Bank NV, Landesbank Baden Wuerttemberg and Nordea Bank Danmark AS were joint bookrunners of the bond, which sold under the issuer’s €20 billion euro medium-term covered note program.
The bonds are expected to list on the Dublin Stock Exchange.
The company provides financing options and residential mortgages from its headquarters in Oslo.
| Issuer: | EIKA Boligkreditt AS
|
| Issue: | Norwegian covered bonds (green)
|
| Amount: | €500 million
|
| Maturity: | June 16, 2031
|
| Bookrunners: | Commerzbank AG, Credit Agricole CIB, ING Bank NV, Landesbank Baden Wuerttemberg and Nordea Bank Danmark AS
|
| Coupon: | 0.125%
|
| Price: | 99.642
|
| Yield: | 0.161%
|
| Spread: | Mid-swaps plus 7 bps
|
| Trade date: | June 8
|
| Settlement: | June 16
|
| Distribution: | Regulation S
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