Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Nordea Hypotek — Debt Investor Presentation (2018)
7 slides from Nordea Bank Abp's debt investor presentation, 2018
Slide 1: Nordea Hypotek Covered Bonds
Nordea Hypotek Covered Bonds Q1 2018 Debt investor presentation
Slide 2: Nordea Hypotek – overview
Nordea Hypotek – overview Q1 2018 • 100% owned subsidiary of Nordea Bank AB - the largest Nordic financial institution • Grants long-term loans to Swedish households, municipalities, municipal housing companies and corporates • All loans secured by mortgages, tenant-owner units or municipal/state gu
Slide 3: Cover pool key characteristics
Cover pool key characteristics Q1 2018 Loans in cover pool SEK 519.8bn Outstanding covered bonds SEK 318.7bn Cover pool content Mortgage loans secured by residential or commercial property. Loans to public sector Geographic distribution Throughout Sweden with concentration to urban areas Asset distr
Slide 4: Cover pool key characteristics (2)
Cover pool key characteristics (2) Q1 2018 Cover pool balance by loan category Cover pool balance by region* Commercial 3% Public sector 2% East Sweden 14% Multi-family houses 13% North Sweden 9% Greater Stockholm 39% Single family houses 54% West Sweden Tenant owner units 16% 28% Greater Gothenburg
Slide 5: Loan To Value (LTV)
Loan To Value* (LTV) Q1 2018 Weighted Average LTV – Unindexed 58.0% LTV buckets Nominal (SEKm) % Residential Loans >0 - <=40 % 347 103 70,19% >40 - <=50 % 57 521 11,63% >50 - <=60 % 45 361 9,17% >60 - <=70 % 33 452 6,77% >70 - <=80 % 11 049 2,23% Total 494 486 100% Weighted Average LTV - Indexed 49.
Slide 6: Nordea Hypotek – outstanding benchmark covered bonds
Nordea Hypotek – outstanding benchmark covered bonds Q1 2018 Breakdown by ISIN ISIN Currency Amount (SEKm) Maturity Coupon (%) 5529 SEK 44 995 2018-06-20 2 5530 SEK 57 623 2019-06-19 2,25 5521 SEK 65 242 2020-06-17 3,25 5532 SEK 50 750 2021-05-19 1,25 5531 SEK 59 275 2022-04-08 1 5533 SEK 20 812 202
Slide 7: Nordea Hypotek – conservative underwriting criteria
Nordea Hypotek – conservative underwriting criteria Q1 2018 Private households • Track record and income checked via UC • Always household budget ”before-after” with buffer requirement and stress test including behavioral analysis • Individual valuation of the pledged property Corporates / Municipal