Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Nordea Mortgage Bank — Debt Investor Presentation (2018)
22 slides from Nordea Bank Abp's debt investor presentation, 2018
Slide 1: Nordea Mortgage Bank Covered Bonds
Nordea Mortgage Bank Covered Bonds Q4 2018 Debt investor presentation
Slide 2: Table of contents
Table of contents 1. In brief 3 2. Cover pool key characteristics 6 3. Asset quality 9 4. Covered bond framework 13 5. Macro 16 6. Further information 20 2
Slide 3: 1. In brief
UR Cal Ca cal Ca
Slide 4: Nordea covered bond operations
Nordea covered bond operations Nordea Eiendomskreditt Nordea Hypotek Nordea Kredit Nordea Mortgage Bank Four aligned covered bond issuers with complementary roles Legislation Norwegian Swedish Danish/SDRO Finnish Cover pool assets Norwegian residential mortgages Swedish residential mortgages primari
Slide 5: Nordea Mortgage Bank Plc – overview
Nordea Mortgage Bank Plc – overview Q4 2018 • 100% owned subsidiary of Nordea Bank Abp (as of October 1st) - 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 bo
Slide 6: 2. Cover pool characteristics
2. Cover pool characteristics 6
Slide 7: Cover pool key characteristics
Cover pool key characteristics Q4 2018 Cover pool summary Pool notional EUR 19.8bn Outstanding Covered Bonds EUR 16.7bn Cover pool content Mortgage loans secured by residential property. Loans guaranteed by public sector Geographic distribution Throughout Finland with concentration in urban areas As
Slide 8: Cover pool key characteristics (2)
Cover pool key characteristics (2) Q4 2018 Cover pool balance by loan category Cover pool balance by region Summer houses North/ East /Mid 3% Finland Multi-family Public sector housing 17% 1% 5% Greater Helsinki Area Single-family 43% South Finland houses 16% Tenant owner 44% units 47% West Finland
Slide 9: 3. Asset quality
3. Asset quality 9
Slide 10: Loan To Value (LTV)
Loan To Value (LTV) Continuous distribution where each loan can exist in multiple buckets Q4 2018 Weighted Average LTV – Unindexed 50.0% LTV buckets Nominal (EURm) % Residential Loans >0 - <=40 % 15 107 77,05% >40 - <=50 % 2 054 10,47% >50 - <=60 % 1 498 7,64% >60 - <=70 % 948 4,84% Total 19 607 100
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Slide 18: Household debt remains high, but so is private and public savings
Household debt remains high, but so is private and public savings Household debt Household savings Public balance/debt, % of GDP, 2019E Comments • In all countries, apart from Denmark, household debt continues to rise somewhat faster than income. Meanwhile, households’ savings rates remain at high l
Slide 19: House price development in the Nordics
House price development in the Nordics House prices Comments • Recent quarters have shown stabilisation in the Swedish and Norwegian housing markets, while prices continue to rise in Denmark and to some extent also in Finland. • In Sweden house prices declined during H2 2017 but the trend has levell
Slide 20: 6. Further information
6. Further information alee fee tly Nordea
Slide 21: Nordea Mortgage Bank – outstanding benchmark covered bonds
Nordea Mortgage Bank – outstanding benchmark covered bonds Q4 2018 Breakdown by ISIN ISIN Currency Amount (EURm) Maturity Coupon 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 EUR 1 000 2020-06-17 0,125 XS0591428445
Slide 22: Contacts
Contacts Investor Relations Andreas Larsson Axel Malgerud Head of Debt IR Debt IR Officer Nordea Bank AB Nordea Bank AB Mobile: +46 709 70 75 55 Mobile: +46 721 41 51 50 Tel: +46 10 156 29 61 Tel: +46 10 157 13 13 andreas.larsson@nordea.com axel.malgerud@nordea.com Group Treasury & ALM Juho-Pekka Jä
Nordea Mortgage Bank — Debt Investor Presentation (2018) on 6ix