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