Sweden

The Swedish Covered Bond Corporation (Last update 12/07/2018)

The Swedish Covered Bond Corporation (SCBC)
Svetsarvägen 24
P.O. Box 4209
SE-171 04 Solna

SCBC is wholly owned by SBAB Bank AB and is licenced by the Swedish Financial Supervisonary Authority to issue covered bonds according to the Swedish Covered Bond Act.
SCBCs pool collateral mainly consists of Swedish residential mortgages. Detailed information can be found on our website which is updated on a monthly basis.

CONTACT LIST

Name Surname Function E-mail
Ulf Bokholm ulf.bokholm@sbab.se

POOL PROGRAMS LIST

Identifier Country Model Harmonised trans. templ. Harmonised Transparency Template Type
The Swedish Covered Bond Corporation Swedish Covered Bonds Go to website Mortgage

BOND LIST

  ISIN Pool
Identifier
Initial Date
of Issuance
Maturity Date Face value1 Coupon Syn. Listed Tapped Mat.2 EEA3 LCR4
XS1846731773 The Swedish Cov... 03/07/2018 03/07/2030 EUR * 30,476,036 Fixed No Yes No HB Yes No
SE0011167428 The Swedish Cov... 21/05/2018 21/06/2023 EUR * 660,517,280 Fixed No Yes Yes HB Yes 1
XS1815437527 The Swedish Cov... 25/04/2018 03/05/2030 EUR * 25,396,697 Fixed No Yes No HB Yes No
XS1808480377 The Swedish Cov... 11/04/2018 19/04/2023 EUR 750,000,000 Fixed No Yes No HB Yes 1
XS1808480534 The Swedish Cov... 11/04/2018 19/04/2033 EUR 500,000,000 Fixed No Yes No HB Yes 1
XS1807436008 The Swedish Cov... 09/04/2018 01/01/2030 EUR * 29,663,342 Fixed No Yes No HB Yes No
XS1791586040 The Swedish Cov... 07/03/2018 14/03/2028 EUR * 25,396,697 Fixed No Yes No HB Yes No
XS1759602953 The Swedish Cov... 22/01/2018 29/01/2025 EUR 750,000,000 Fixed No Yes No HB Yes 1
XS1758629783 The Swedish Cov... 18/01/2018 25/01/2030 EUR * 83,199,578 Fixed No Yes No HB Yes No
XS1703059730 The Swedish Cov... 19/10/2017 19/10/2029 EUR * 10,158,679 Fixed No Yes No HB Yes No
XS1696419354 The Swedish Cov... 09/10/2017 08/10/2027 EUR * 81,269,429 Fixed No Yes No HB Yes No
XS1608398563 The Swedish Cov... 28/04/2017 28/05/2024 EUR * 50,793,393 Floating No Yes No HB Yes No
XS1586702679 The Swedish Cov... 21/03/2017 29/03/2027 EUR 750,000,000 Fixed No Yes No HB Yes 1
XS1580340187 The Swedish Cov... 09/03/2017 16/03/2027 EUR * 30,476,036 Fixed No Yes No HB Yes No
XS1579409290 The Swedish Cov... 08/03/2017 15/12/2028 EUR * 91,428,108 Fixed No Yes No HB Yes No
XS1578209584 The Swedish Cov... 07/03/2017 22/03/2022 EUR * 101,586,786 Fixed No Yes No HB Yes No
XS1551508820 The Swedish Cov... 11/01/2017 18/01/2022 EUR * 225,420,692 Floating No Yes No HB Yes No
SE0009383664 The Swedish Cov... 11/01/2017 17/06/2026 EUR * 1,694,264,411 Fixed No Yes Yes HB Yes 1
XS1550143421 The Swedish Cov... 09/01/2017 16/02/2024 EUR 1,000,000,000 Fixed No Yes No HB Yes 1
XS1538664902 The Swedish Cov... 13/12/2016 21/12/2026 EUR * 81,269,429 Fixed No Yes Yes HB Yes No
XS1537559574 The Swedish Cov... 12/12/2016 19/12/2031 EUR * 111,745,465 Fixed No Yes No HB Yes No
XS1524804231 The Swedish Cov... 16/11/2016 01/12/2020 EUR * 71,110,750 Floating No Yes No HB Yes No
XS1490725519 The Swedish Cov... 15/09/2016 15/09/2021 EUR * 86,348,768 Floating No Yes No HB Yes No
SE0008586655 The Swedish Cov... 30/06/2016 22/06/2022 EUR * 2,668,684,858 Fixed Yes Yes Yes HB Yes 1
XS1384914716 The Swedish Cov... 16/03/2016 23/03/2026 EUR * 39,618,847 Fixed No Yes No HB Yes No
1 - 25 of 56 First | < Previous | Next > | Last

(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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