Denmark

BRFkredit A/S (Last update 07/09/2018)

Klampenborgvej , 205
2800 Kgs. Lyngby

http://www.brf.com

BRFkredit is an mortgage credit institution that offers customers financial solutions and other services related to real property.

BRFkredit offers mortgage loans against a mortgage on owner-occupied homes, commercial properties and subsidised housing. In the corporate lending segment, BRFkredit focuses on loans for office and business properties and for private rental and cooperative housing. Loans for residential purposes account for the majority of all lending.

CONTACT LIST

Name Surname Function E-mail
Christian Bech-Ravn Head of Rating & IR Team crv@brf.dk
Michael Moelskov Jarlstrup mmjm@brf.dk

Go to issuer website

POOL PROGRAMS LIST

Identifier Country Model Harmonised trans. templ. Harmonised Transparency Template Type HTT graphs
Capital Center E Særligt Dækkede Obligationer - SDO Go to the HTT File Mortgage

BOND LIST

  ISIN Pool
Identifier
Initial Date
of Issuance
Maturity Date Face value1 Coupon Syn. Listed Tapped Mat.2 EEA3 LCR4
DK0009370611 Capital Center ... 18/06/2009 01/01/2020 EUR * 145,848,568 Fixed No Yes Yes SB Yes No
DK0009386104 Capital Center ... 01/12/2014 01/01/2020 EUR * 21,647,791 Fixed No Yes Yes SB Yes No
DK0009389124 Capital Center ... 19/06/2015 01/01/2020 EUR 744,756 Fixed No Yes Yes SB Yes No
DK0009367153 Capital Center ... 20/12/2007 01/04/2020 EUR * 12,905,472 Floating No Yes No HB Yes No
DK0009380255 Capital Center ... 06/12/2013 01/04/2020 EUR * 54,288,128 Fixed No Yes Yes SB Yes No
DK0009384679 Capital Center ... 12/12/2014 01/04/2020 EUR * 2,230,291,786 Fixed No Yes Yes SB Yes 1
DK0009394124 Capital Center ... 02/02/2018 01/04/2020 EUR * 91,386,330 Fixed No Yes Yes SB Yes No
DK0009391963 Capital Center ... 08/11/2016 01/07/2020 EUR * 2,051,050,363 Floating No Yes Yes SB Yes 1
DK0009382467 Capital Center ... 19/06/2014 01/10/2020 EUR * 2,501,978 Fixed No Yes Yes SB Yes No
DK0009385213 Capital Center ... 22/12/2014 01/10/2020 EUR * 384,815,066 Fixed No Yes Yes SB Yes 2A
DK0009390569 Capital Center ... 25/05/2016 01/10/2020 EUR * 1,580,130,313 Fixed No Yes Yes SB Yes 1
DK0009374449 Capital Center ... 18/11/2011 01/01/2021 EUR * 20,190,520 Fixed No Yes Yes SB Yes No
DK0009386294 Capital Center ... 01/12/2014 01/01/2021 EUR * 102,321,764 Fixed No Yes Yes SB Yes No
DK0009389207 Capital Center ... 16/09/2015 01/01/2021 EUR 119,166 Fixed No Yes Yes SB Yes No
DK0009390643 Capital Center ... 25/05/2016 01/01/2021 EUR * 36,143 Fixed No Yes Yes SB Yes No
DK0009393159 Capital Center ... 29/09/2017 01/01/2021 EUR 19,960,368 Fixed No Yes Yes SB Yes No
DK0009384752 Capital Center ... 12/12/2014 01/04/2021 EUR * 2,059,669,677 Fixed No Yes Yes SB Yes 1
XS1385173734 Capital Center ... 16/03/2016 01/04/2021 EUR 500,000,000 Fixed Yes Yes Yes SB Yes 1
DK0009390999 Capital Center ... 25/05/2016 01/04/2021 EUR * 206,846,785 Fixed No Yes Yes SB Yes No
DK0009392185 Capital Center ... 08/11/2016 01/07/2021 EUR * 1,367,921,327 Floating No Yes Yes SB Yes 1
DK0009393829 Capital Center ... 13/12/2017 01/07/2021 EUR * 335,800,347 Floating No Yes Yes SB Yes 2A
DK0009388589 Capital Center ... 25/03/2015 01/10/2021 EUR * 25,732,305 Fixed No Yes Yes SB Yes No
DK0009391617 Capital Center ... 04/04/2017 01/10/2021 EUR * 13,095,668 Fixed No Yes Yes SB Yes No
DK0009376576 Capital Center ... 18/11/2011 01/01/2022 EUR * 36,520,960 Fixed No Yes Yes SB Yes No
DK0009386377 Capital Center ... 01/12/2014 01/01/2022 EUR * 46,877,605 Fixed No Yes Yes SB Yes No

(1) Please note that the face value of this bond has been converted into EUR values on the 15th of January of the current year (where the exchange rate protocol takes the ECB bilateral exchange rate on the last business day of the previous year) in order to facilitate the comparison across issuances and to increase the overall transparency of the website. Nevertheless, you will be able to check the original currency by directly clicking on the covered bond.

(2) Mat. - Maturity profile

HB - Hard bullet
Hard bullet covered bonds are repaid on the scheduled maturity date. Neither the documentation nor the legal framework contain provisions for a maturity extension. Failure to repay the final redemption amount of a hard bullet covered bond on the scheduled maturity date could trigger the default of the relevant covered bonds and, possibly, the liquidation of the cover pool depending on the respective national insolvency rules.

SB - Soft bullet
Soft bullet covered bonds have a scheduled maturity date and an extended maturity date. If objective, predefined and transparent criteria have been met , the maturity of a soft bullet covered bond can, and in some cases will automatically, be prolonged up to the extended maturity date. During the extension period, the covered bond may be redeemed using cover pool proceeds. Failure to repay a covered bond on the extended maturity date triggers the default of the relevant extended covered bonds (unless multiple extensions are allowed).

CPT - Conditional pass-through
Conditional pass-through (CPT) covered bonds have a scheduled maturity date and an extension mechanism. By itself, the failure to repay the CPT covered bond on the scheduled maturity date does not lead to an acceleration of this covered bond but to an extension of the maturity date of this and potentially other relevant covered bonds. The extension requires that objective, predefined and transparent criteria are met. In such circumstances the maturity of a CPT covered bond can be prolonged to the extended maturity date, which is typically linked to the maximum legal maturity of the underlying assets. During the extension period, cash-flows received or generated from the cover assets will be distributed to the covered bonds investors. Regular attempts are in general made to sell the cover pool assets to redeem the covered bonds . Such sales are subject to predefined criteria intended to protect the interests of all investors under the same programme. In certain jurisdictions and programmes, CPT covered bonds may feature an initial soft bullet extension

(3) European Economic Area (EEA) or non-EEA. While all the non-EEA labelled programmes’ quality standards will be fully aligned to the Covered Bond Label Convention, to Article 129 of the Capital Requirements Regulation (CRR) and to the definitions in the Liquidity Coverage Requirements (LCR) with the exception of being based in the EEA, i.e. they will present similar legislative safeguards from a qualitative and supervisory point of view to those in Europe, these bonds will present different characteristics, for example in terms of risk weights. Therefore, non-EEA Labels will be identified on the Label website by using a different graphic solution.

(4) The issuer believes that, at the time of its issuance and based on transparency data made publicly available by the issuer, this bond would satisfy the eligibility criteria for its classification as a Level 1 or Level 2 asset in accordance with Chapter 2 of the LCR delegated act. It should be noted that whether or not a bond is a liquid asset for the purposes of the Liquidity Coverage Ratio under Regulation (EU) 575/2013 is ultimately a matter to be determined by a relevant investor institution and its relevant supervisory authority and the issuer does not accept any responsibility in this regard.

Sustainable covered bond. A Covered Bond Labelled sustainable covered bond is a covered bond that is fully compliant with the Covered Bond Label Convention, and also includes a formal commitment by the issuer to use an amount equivalent to the proceeds of that same covered bond to (re)finance loans in clearly defined environmental (green), social or a combination of environmental and social (sustainable) criteria. Covered Bond Labelled sustainable covered bond programs are based on their issuer’s sustainable bond framework which has been verified by an independent external assessment. The issuer strives, on a best efforts basis, to replace eligible assets that have matured or are redeemed before the maturity of the bond by other eligible assets.
[Against this background, please note that the EMF-ECBC is currently working on market initiatives which will ultimately define European criteria for energy efficiency covered bonds and sustainability standards]

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