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Sweden

NATIONAL ASSOCIATION

Jonny Sylvén
The Association of Swedish Covered Bond issuers - ASCB
jonny.sylven@swedishbankers.se
http://www.ascb.se/

Therese Mårtensson
therese.martensson@swedishbankers.se


NATIONAL LEGISLATION

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NATIONAL TRANSPARENCY TEMPLATE

» Sweden - National Transparency Template.xlsx

BOND LIST

  ISIN Pool
Identifier
Initial Date
of Issuance
Maturity Date Face value1 Coupon Syn. Listed Tapped Mat.2 EEA3 LCR4
XS2353010593 The Swedish Covered Bond Corporation 06/06/2021 14/03/2030 EUR 1,000,000,000 Fixed No Yes No HB Yes 1
XS2350020272 Swedbank Mortgage cover pool 04/06/2021 01/07/2022 EUR 975,000,000 Floating No Yes No HB Yes 1
XS2351322818 The Swedish Covered Bond Corporation 02/06/2021 11/05/2026 EUR * 59,794,904 Floating No Yes No HB Yes No
SE0013883048 Stadshypotek Swedish Pool 26/05/2021 03/09/2031 EUR * 747,437 Fixed Yes Yes Yes HB Yes No
SE0015503446 Länsförsäkringar Hypotek AB 15/04/2021 20/09/2028 EUR * 602,931,944 Fixed Yes Yes Yes HB Yes 1
NO0010936107 Stadshypotek Norwegian Pool 22/03/2021 10/03/2026 EUR * 764,065,978 Floating Yes Yes No SB Yes 1
FI4000491097 Nordea Hypotek cover pool 17/03/2021 19/03/2024 EUR 3,000,000,000 Floating No Yes No HB Yes 1
SE0013102043 SEB Cover Pool 01/02/2021 16/12/2026 EUR * 1,928,584,954 Fixed Yes Yes Yes HB Yes 1
SE0013358439 Nordea Hypotek cover pool 01/02/2021 16/09/2026 EUR * 1,405,180,232 Fixed No Yes No HB Yes 1
SE0015243423 The Swedish Covered Bond Corporation 15/01/2021 09/06/2032 EUR * 319,105,469 Fixed Yes Yes Yes HB Yes No
SE0013102001 SEB Cover Pool 04/12/2020 19/12/2029 EUR * 309,139,651 Fixed Yes Yes Yes HB Yes 2A
XS2262802601 Stadshypotek Norwegian Pool 24/11/2020 24/11/2028 EUR 1,000,000,000 Fixed Yes Yes No SB Yes 1
SE0013882644 Stadshypotek Swedish Pool 16/10/2020 01/06/2026 EUR * 4,190,626,153 Fixed Yes Yes Yes HB Yes 2A
XS2232086491 The Swedish Covered Bond Corporation 11/09/2020 18/09/2032 EUR * 59,794,904 Fixed No Yes No HB Yes No
SE0014694659 Länsförsäkringar Hypotek AB 18/08/2020 15/09/2027 EUR * 1,474,940,953 Fixed Yes Yes Yes HB Yes 1
NO0010886054 Stadshypotek Norwegian Pool 24/06/2020 24/06/2025 EUR * 573,049,483 Floating Yes Yes No SB Yes 1
XS2189779528 Swedbank Mortgage cover pool 11/06/2020 01/10/2021 EUR 2,700,000,000 Floating No Yes No HB Yes 1
SE0013103983 Länsförsäkringar Hypotek AB 07/05/2020 13/06/2025 EUR * 59,794,904 Floating No Yes No HB Yes No
SE0013103942 Länsförsäkringar Hypotek AB 07/04/2020 15/05/2025 EUR * 49,829,087 Floating No Yes No HB Yes No
SE0012676799 Stadshypotek Swedish Pool 30/03/2020 03/08/2023 EUR * 602,931,944 Floating No No No HB Yes N/A
SE0015244991 Swedbank Mortgage cover pool 18/03/2020 18/03/2026 EUR * 1,624,428,212 Fixed No Yes Yes HB Yes 1
XS2138591453 The Swedish Covered Bond Corporation 18/03/2020 18/02/2025 EUR * 49,829,087 Floating No Yes No HB Yes No
XS2115336682 Swedbank Mortgage cover pool 11/02/2020 16/01/2023 EUR 30,000,000 Floating No Yes No HB Yes N/A
SE0001542341 Nordea Hypotek cover pool 04/02/2020 17/09/2025 EUR * 4,659,019,563 Fixed No Yes Yes HB Yes 1
SE0012676690 Stadshypotek Swedish Pool 28/01/2020 03/09/2025 EUR * 6,438,914,524 Fixed Yes Yes Yes HB Yes 1
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(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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