Nordea Bank Abp · OMXHEX:NDA_FI

Nordea Bank Abp — Nordea Mortgage Bank — Debt Investor Presentation (2018)

9 slides from Nordea Bank Abp's debt investor presentation, 2018

  1. Slide 1: Nordea Mortgage Bank Covered Bonds

    Nordea Mortgage Bank Covered Bonds Q1 2018 Debt investor presentation

  2. Slide 2: Nordea Mortgage Bank Plc – overview

    Nordea Mortgage Bank Plc – overview Q1 2018 • 100% owned subsidiary of Nordea Bank AB - the largest Nordic financial institution • Operates as a mortgage credit institution with the main purpose of issuing covered bonds • Licensed by the European Central Bank to issue covered bonds according to the

  3. Slide 3: Cover pool key characteristics

    Cover pool key characteristics Q1 2018 Pool notional EUR 20.4bn Outstanding Covered Bonds EUR 17.4bn Cover pool content Mortgage loans secured by residential property. Loans guaranteed by public sector. Geographic distribution Throughout Finland with concentration in urban areas Asset distribution 9

  4. Slide 4: Cover pool key characteristics (2)

    Cover pool key characteristics (2) Q1 2018 Cover pool balance by loan category Cover pool balance by geographical area Summer houses 3% Multi-family Public sector North/ East /Mid housing 1% Finland 5% 17% Greater Helsinki Area Single-family 43% houses South Finland Tenant owner 44% 16% units 47% We

  5. Slide 5: Loan To Value (LTV)

    Loan To Value (LTV) Continuous distribution where each loan can exist in multiple buckets Q1 2018 Weighted Average LTV – Unindexed 50.4% LTV buckets Nominal (EURm) % Residential Loans >0 - <=40 % 15 470 76,61% >40 - <=50 % 2 144 10,62% >50 - <=60 % 1 574 7,80% >60 - <=70 % 1 004 4,97% Total 20 194 1

  6. Slide 6: Nordea Mortgage Bank – outstanding benchmark covered bonds

    Nordea Mortgage Bank – outstanding benchmark covered bonds Q1 2018 Breakdown by ISIN ISIN Currency Amount (EURm) Maturity Coupon XS0965104978 EUR 1 500 2018-08-28 1,375 XS1014673849 EUR 1 500 2019-01-14 1,25 XS0778465228 EUR 1 500 2019-05-03 2,25 XS0874351728 EUR 1 250 2020-01-15 1,375 XS1204134909

  7. Slide 7: Underwriting criteria – harmonised Nordea Group policy

    Underwriting criteria – harmonised Nordea Group policy Q1 2018 • Residential mortgage loans • Nordea’s credit decision is based on the borrower’s repayment capacity and collateral is always taken • Collateral must be in the form of mortgages in real estate or in shares in housing companies • Repayme

  8. Slide 8: Finnish covered bond framework

    Finnish covered bond framework Q1 2018 • Legal framework • Finnish Covered Bond Act (statute 688/2010) • Registration • Collateral assets remain on the balance sheet of the issuer • Covered bonds, collateral and relevant derivative contracts are entered in a separate register • Limit on LTV ratio –

  9. Slide 9: Finnish covered bond framework (2)

    Finnish covered bond framework (2) Q1 2018 • Bankruptcy remoteness and preferential claim • Isolation of registered collateral assets, registered derivatives from all other assets and liabilities of the insolvent issuer • Holders of covered bonds together with counterparties of registered derivative

Nordea Mortgage Bank — Debt Investor Presentation (2018) on 6ix