Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Sparebanken Vest Boligkreditt

 

Sparebanken Vest is the 3rd biggest savings bank in Norway, with over 250,000 individual and business customers. It is headquartered in Bergen, in west Norway and was publicly listed in 1995.

Sparebanken Vest Boligkreditt is the covered bond issuing subsidiary of Sparebanken Vest.

This is the 5th mortgage covered bond issuer Norway to receive Certification.

All five (the other four are Sparebanken Sor, SR Boligkreditt, Sparebank 1 Boligkreditt, DNB Boligkreditt) are partly underwritten by ING.

The issuer has identified an appropriate portfolio with an approximate value of EUR 1.6 billion (USD 1.88 billion).

 

Note: “sparebanken” means “savings bank” in Norwegian. “boligkreditt” is mortgage credit bank.

 

DATE OF ISSUE

TYPE OF INSTRUMENT

SIZE

MATURITY

JURISDICTION OF ISSUER

CLIMATE BONDS SECTOR CRITERIA

VERIFIER'S REPORT

ANNUAL REPORT FURTHER INFORMATION
July 2020 Covered Bond EUR 500 million (USD 567 million) 7 years Norway Low Carbon Buildings - Residential pre issuance verification  

Sparebanken Vest green bond website

IFRE news article

Green Bond Framework

Investor Presentation