Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Nordea Hypotek — Debt Investor Presentation (2022)
22 slides from Nordea Bank Abp's debt investor presentation, 2022
Slide 1: Nordea Hypotek Bank Covered Bonds
Q1 2022 Debt investor presentation Nordea Hypotek Bank Covered Bonds
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 15 6. Further information 19 2
Slide 3: 1. In brief
1. In brief 3
Slide 4: Nordea covered bond operations
Nordea covered bond operations Q1 2022 Nordea Eiendomskreditt Nordea Hypotek Nordea Kredit Nordea Mortgage Bank Four aligned covered bond issuers with complementary roles Legislation Norwegian Swedish Danish Finnish Cover pool assets Norwegian residential mortgages Swedish residential mortgages prim
Slide 5: Nordea Hypotek – overview
Nordea Hypotek – overview Q1 2022 • 100% owned subsidiary of Nordea Bank Abp - the largest Nordic financial institution • Grants long-term loans to Swedish households, municipalities, municipal housing companies and corporates • All loans secured by mortgages, tenant-owner units or municipal/state g
Slide 6: 2. Cover pool characteristics
2. Cover pool characteristics 6
Slide 7: Cover pool key characteristics
Cover pool key characteristics Q1 2022 Cover pool summary Loans in cover pool SEK 650.9bn Outstanding covered bonds SEK 353.7bn Cover pool content Mortgage loans secured by residential or commercial property. Loans to public sector Geographic distribution Throughout Sweden with concentration to urba
Slide 8: Cover pool key characteristics (2)
Cover pool key characteristics (2) Q1 2022 Cover pool balance by loan category Cover pool balance by region* Multi-family Commercial houses 4% 3% Public sector East Sweden 2% 14% Tenant owner North Sweden associations 9% Greater 11% Stockholm Single family 39% houses 51% West Sweden Tenant owner 15%
Slide 9: 3. Asset quality
3. Asset quality 9
Slide 10: Loan To Value (LTV)
Loan To Value (LTV)* Q1 2022 Weighted Average LTV – Unindexed 56.4% LTV buckets Nominal (SEKbn) % Residential Loans >0 - <=40 % 441.1 72% >40 - <=50 % 71.4 12% >50 - <=60 % 53.6 9% >60 - <=70 % 37.6 6% >70 - <=80 % 11.6 2% Total 615.3 100% Weighted Average LTV - Indexed 48.6% LTV buckets Nominal (SE
Slide 11: Loan structure
Loan structure Q1 2022 Rate type Repayment 11 Open
Slide 12: Underwriting criteria
Underwriting criteria Q1 2022 Private households • Track record and income checked via UC • Always household budget ”before-after” with buffer requirement and stress test including behavioral analysis • Individual valuation of the pledged property Corporates / Municipalities • Financial analysis wit
Slide 13: 4. Covered Bond framework
4. Covered Bond framework alge fee: tly Nordea
Slide 14: Swedish covered bond framework
Swedish covered bond framework Q1 2022 • Legal framework • Swedish Covered Issuance Act (SFS 2003:1223), came into force 1 July 2004 • A domestic legal proposal regarding the new EU covered bond directive was presented in November 2020 (SOU 2020:61). In October 2021, the Law Council referral was pub
Slide 15: 5. Macroeconomy
5. Macroeconomy alge fle tly Nordea
Slide 16: Resilient economies facing global uncertainty
Resilient economies facing global uncertainty • • • 16 Open
Slide 17: Interest rates to rise throughout the Nordics
Interest rates to rise throughout the Nordics • • • • • • 17 Open
Slide 18: Households facing high inflation and rising interest rates
Households facing high inflation and rising interest rates • • 18 Open
Slide 19: Rising interest rates might cool off hot Nordic housing markets
Rising interest rates might cool off hot Nordic housing markets • • • 19 Open
Slide 20: 6. Further information
6. Further information alee fee tly Nordea
Slide 21: Nordea Hypotek – outstanding benchmark covered bonds
Nordea Hypotek – outstanding benchmark covered bonds Q1 2022 Breakdown by ISIN Serial no. Currency Amount (m) Maturity Coupon 5533 SEK 64 400 20/09/2023 1.25% 5534 SEK 79 200 18/09/2024 1% 5535 SEK 70 800 17/09/2025 1% 5536 SEK 26 550 16/09/2026 0.5% 5537 SEK 17 150 16/06/2027 1% - EUR 3 000* 19/03/
Slide 22: Contacts
Contacts Investor Relations Maria Caneman Debt IR and ratings Mobile: +46 738 66 17 24 Tel: +46 10 156 50 19 maria.caneman@nordea.com Group Treasury Cecilia Tannerfeldt Morten Keil Senior Treasury Manager Head of Covered Bonds Tel: +46 8 407 91 05 Tel: +45 3333 1875 Mobile: +46 733 21 44 33 Mobile: