Nordea Green Funding Framework
Covered bonds
Nordea covered bond operations
Four aligned covered
bond issuers with
complementary roles
Nordea Eiendomskreditt
Nordea Hypotek
Nordea Kredit
Nordea Mortgage Bank
+
Legislation
Norwegian
Cover pool assets
Norwegian residential mortgages
Swedish
Swedish residential mortgages
primarily
Cover pool size*
EUR 21.3bn (eq.)
EUR 57.8bn (eq.)
Danish
Danish residential & commercial
mortgages
Balanced principle
Finnish
Finnish residential mortgages
primarily
Pool 1: EUR 19.7bn/ Pool 2: EUR
5.6bn
Covered bonds outstanding*
EUR 15.1bn (eq.)
EUR 31.5bn (eq.)
EUR 60.0bn (eq.)**
Pool 1: EUR 15.6bn/ Pool 2: EUR
4bn
7%*
**
DKK, EUR
-/AAA
Pool 1: 27% Pool 2: 44%
EUR
Aaa / -
EUR 2.0bn
OC*
41%
Issuance currencies
Rating (Moody's / S&P)
NOK
83%
SEK
Aaa/ -
Aaa / -
Outstanding green covered bonds
EUR 1.25bn
EUR 1.1bn
EUR 2.1bn
*Data as per Q3
COVERED BOND
LABEL-
14
**The figures in Nordea Kredit only include capital centre 2 (SDRO). Nordea Kredit no longer reports for CC1 (RO), as this capital centre only accounts for a minor part (<1%) of the outstanding volume of
loans and bonds
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