Sparebanken Sør Boligkreditt is the covered bond issuing subsidiary of Sparebanken Sør.
This is the fourth issuer in Norway to receive Certification. All four (the other three are SR Boligkreditt AS, Sparebank 1 Boligkreditt, DNB Boligkreditt) are related to the residential mortgage market in Norway and partly underwritten by ING.
Sparebanken Sør is Norway’s fifth largest savings bank, and traces its heritage to 1824. It is based in Kristiansand.
The proceeds will be used to finance and refinance mortgages linked to residential buildings in Norway which meet the following requirements of the Criteria:
- New or existing Norwegian apartments that comply with the Norwegian building codes of 2010 (TEK10) or 2017 (TEK17)
- New or existing Norwegian other residential dwellings that comply with the Norwegian building codes of 2007 (TEK07), 2010 (TEK10) or 2017 (TEK17)
- Existing Norwegian residential buildings, built before 2009, with EPC-labels A, B and C
|October 2019||Use of Proceeds Bond||EUR 500 million (USD 555 million)||7 years||Norway||Low Carbon Buildings (Residential)||pre issuance verification||Sparebanken Sør green bond website|