Nordea Bank Abp · OMXHEX:NDA_FI
Nordea Bank Abp — Nordea Hypotek — Debt Investor Presentation (2017)
7 slides from Nordea Bank Abp's debt investor presentation, 2017
Slide 1: Nordea Hypotek Covered Bonds Investor presentation Q1 2017
Nordea Hypotek Covered Bonds Investor presentation Q1 2017
Slide 2: Nordea Hypotek – overview
Nordea Hypotek – overview • 100% owned subsidiary of Nordea Bank AB - 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 guarantees
Slide 3: Cover pool key characteristics
Cover pool key characteristics Loans in cover pool SEK 514.7bn Outstanding covered bonds SEK 318.9bn Mortgage loans secured by residential or commercial property. Cover pool content Loans to public sector Geographic distribution Throughout Sweden with concentration to urban areas Asset distribution
Slide 4: Cover pool key characteristics
Cover pool key characteristics Cover pool balance by loan category Cover pool balance* by region Public sector Commercial* 2% East Sweden 3% Multi-family 13% houses 13% North Sweden Greater 9% Stockholm 39% Tenant owner West Single family units Sweden houses 28% 15% 54% Greater South Gothenburg Swed
Slide 5: Loan To Value (LTV)
Loan To Value* (LTV) Weighted Average LTV – Unindexed (%) 51,0 LTV buckets Nominal (SEKm) % Residential Loans >0 - <=40 % 336 948 69,2% >40 - <=50 % 57 023 11,7% >50 - <=60 % 46 056 9,5% >60 - <=70 % 34 910 7,2% >70 - <=80 % 12 119 2,5% Total 487 056 100% Weighted Average LTV - Indexed (%) 50,3 LTV
Slide 6: Outstanding benchmark covered bonds
Nordea Hypotek – Outstanding benchmark covered bonds Breakdown by ISIN Amount ISIN Currency Maturity Coupon (%) (SEKm) 5528 SEK 23 130 2017-06-21 3 5529 SEK 63 100 2018-06-20 2 5530 SEK 60 050 2019-06-19 2,25 5521 SEK 64 742 2020-06-17 3,25 5532 SEK 39 100 2021-05-19 1,25 5531 SEK 40 025 2022-04-08
Slide 7: Conservative underwriting criteria
Nordea Hypotek – Conservative underwriting criteria • 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 / Municipalitie