Transaction Update: Sparbanken Skane (Mortgage Covered Bond Program) - S&P Global Ratings’ Credit Research

Transaction Update: Sparbanken Skane (Mortgage Covered Bond Program)

Transaction Update: Sparbanken Skane (Mortgage Covered Bond Program) - S&P Global Ratings’ Credit Research
Transaction Update: Sparbanken Skane (Mortgage Covered Bond Program)
Published Nov 08, 2023
13 pages (4731 words) — Published Nov 08, 2023
Price US$ 375.00  |  Buy this Report Now

About This Report

  
Abstract:

The cover pool comprises residential mortgage-backed loans with low loan-to-value (LTV) ratios compared with the maximum allowed by legislation. Low portion of loans that pay interest-only until maturity. Relatively low percentage of tenant-owner rights. The program benefits from a public commitment to maintain a level of overcollateralization that is consistent with the rating. Cover pool payments received before an issuer insolvency could be commingled with the issuers' insolvent estate as these are not registered in the cover pool. No committed coverage of 180 days of liquidity. The issuer's business focus is concentrated in South Sweden. Lower seasoning than other Swedish covered bond programs. The stable outlook reflects that the ratings on the covered bonds benefit from two unused notches of

  
Brief Excerpt:

...+ The cover pool comprises residential mortgage-backed loans with low loan-to-value (LTV) ratios compared with the maximum allowed by legislation. + Low portion of loans that pay interest-only until maturity. + Relatively low percentage of tenant-owner rights. + The program benefits from a public commitment to maintain a level of overcollateralization that is consistent with the rating....

  
Report Type:

Transaction Update Report

Issuer
Sparbanken Skane AB (publ)
Sector
Global Issuers, Structured Finance
Country
Sweden
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
Buy Now

Sparbanken Skane AB (publ) – 2023/12/27 – US$ 500.00

Sparbanken Skane AB (publ) – 2024/12/12 – US$ 500.00

Sparbanken Skåne AB (publ) – 2025/12/22 – US$ 500.00

Sparbanken Skane – 2022/12/08 – US$ 500.00

Sparbanken Skane – 2021/08/03 – US$ 500.00

Sparbanken Skane – 2020/06/29 – US$ 500.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Transaction Update: Sparbanken Skane (Mortgage Covered Bond Program)" Nov 08, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Transaction-Update-Sparbanken-Skane-Mortgage-Covered-Bond-Program-3085633>
  
APA:
S&P Global Ratings’ Credit Research. (). Transaction Update: Sparbanken Skane (Mortgage Covered Bond Program) Nov 08, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Transaction-Update-Sparbanken-Skane-Mortgage-Covered-Bond-Program-3085633>
  
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