Sparebanken Ost · OSL:SPOG
Sparebanken Ost — Sparebanken Øst Boligkreditt AS — Debt Investor Presentation (December 2019)
6 slides from Sparebanken Ost's debt investor presentation, Dec 31, 2019
Slide 1: Sparebanken Øst Boligkreditt AS Investor presentation
Sparebanken Øst Boligkreditt AS Investor presentation 31.12.2019
Slide 2: Summary Q4-2019
SUMMARY Q4-2019 • All loans in cover pool first priority Norwegian residential mortgages • Collateral property valued by independent specialist Eiendomsverdi AS (AVM) • FSA-appointed independent inspector Ernst & Young • Cover pool NOK 15.5 billion, issued CB’s NOK 13.9 billion: OC 12 % • Average LT
Slide 3: Overcollateralization
OVERCOLLATERALIZATION RESIDENTIAL MORTGAGES INCL. SUBSTITUTE COLLATERAL COVERED BONDS OVERCOLLATERALIZATION Q2-18 13.061.958 11.673.970 12 % Q3-18 13.352.395 11.676.490 14 % Q4-18 13.766.348 12.210.680 13 % Q1-19 16.197.006 14.428.498 12 % Q2-19 15.733.097 13.938.757 13 % Q3-19 15.609.504 13.963.038
Slide 4: Cover pool (LTV, geography, property type)
COVER POOL (LTV, GEOGRAPHY,PROPERTY TYPE) • All loans in cover pool first priority Norwegian residential mortgages • 100 % floating rent loans • Weighted average LTV 48.5 % Property type Geography Asset type 2% Akershus Aust-Agder Buskerud Finnmark Hedmark 28 % Hordaland Residential assets Detached
Slide 5: Issued covered bonds
ISSUED COVERED BONDS ISIN TICKER INT. ISSUED MATURITY CURR. AMOUNT COUPON Mill. NOK NO0010625908 SPOBK06 FIXD 05.10.11 05.10.26* NOK 750 4,55 % NO0010703051 SPOBK09 FIXD 05.02.14 05.02.21* NOK 600 3,05 % NO0010709124 SPOBK10 FRN 03.04.14 03.04.20* NOK 2 000 NIB3+37 NO0010755085 SPOBK11 FRN 12.01.16
Slide 6: Sparebanken Øst Boligkreditt AS contact details
Sparebanken Øst Boligkreditt AS Phone:+47 915 03220 P.O. Box 67 3301 Hokksund Norway www.oest.no spobk@oest.no CEO: Vegard Kvamme vegard.kvamme@oest.no
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