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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
XS0488083287 Swedbank Mortgage cover pool 01/03/2010 01/03/2040 EUR 0 Fixed No No No HB Yes No
XS0507697711 Swedbank Mortgage cover pool 21/05/2010 21/05/2025 EUR 0 Fixed No Yes No HB Yes No
XS0520001578 Swedbank Mortgage cover pool 24/06/2010 24/06/2025 EUR 0 Fixed No Yes No HB Yes No
SCHULD26 Nordea Hypotek cover pool 15/07/2009 15/07/2022 EUR 2,500,000 Fixed No No No HB Yes No
XS0876113704 Swedbank Mortgage cover pool 17/01/2013 18/01/2033 EUR * 4,889,578 Fixed No Yes No HB Yes No
XS0430266741 Swedbank Mortgage cover pool 22/05/2009 22/05/2029 EUR 10,000,000 Fixed No Yes No HB Yes No
XS0430512029 Swedbank Mortgage cover pool 26/05/2009 28/05/2029 EUR 10,000,000 Fixed No Yes No HB Yes No
XS0877991827 Swedbank Mortgage cover pool 23/01/2013 23/01/2023 EUR 10,000,000 Fixed No Yes No HB Yes No
XS1227693998 Swedbank Mortgage cover pool 07/05/2015 07/05/2025 EUR 10,000,000 Fixed No Yes No HB Yes No
XS1292967475 Swedbank Mortgage cover pool 18/09/2015 18/09/2025 EUR 10,000,000 Fixed No Yes No HB Yes No
XS1993966685 Swedbank Mortgage cover pool 13/05/2019 13/05/2022 EUR 10,000,000 Floating No Yes Yes HB Yes N/A
SCHULD4 Nordea Hypotek cover pool 27/02/2008 27/02/2024 EUR 10,000,000 Fixed No No No HB Yes No
SCHULD27 Nordea Hypotek cover pool 22/07/2009 22/07/2024 EUR 15,000,000 Fixed No No No HB Yes No
XS1039945867 Swedbank Mortgage cover pool 28/02/2014 28/02/2024 EUR 20,000,000 Floating No Yes No HB Yes No
XS1338866996 Swedbank Mortgage cover pool 30/12/2015 30/10/2025 EUR 20,000,000 Fixed No Yes No HB Yes No
XS1782972878 Swedbank Mortgage cover pool 27/02/2018 27/02/2043 EUR 20,000,000 Fixed No Yes No HB Yes N/A
XS1950509619 Swedbank Mortgage cover pool 11/02/2019 11/02/2037 EUR 20,000,000 Fixed No Yes No HB Yes N/A
SCHULD19 Nordea Hypotek cover pool 25/03/2009 25/03/2024 EUR 20,000,000 Fixed No No No HB Yes No
SCHULD29 Nordea Hypotek cover pool 03/09/2009 03/09/2024 EUR 20,000,000 Fixed No No No HB Yes No
SCHULD31 Nordea Hypotek cover pool 16/09/2009 16/09/2024 EUR 20,000,000 Fixed No No No HB Yes No
SCHULD33 Nordea Hypotek cover pool 30/10/2009 30/10/2024 EUR 20,000,000 Fixed No No No HB Yes No
SCHULD5 Nordea Hypotek cover pool 07/04/2008 07/04/2025 EUR 20,000,000 Fixed No No No HB Yes No
SEB032023 SEB Cover Pool 20/03/2008 20/03/2023 EUR 24,000,000 Fixed No No No HB Yes No
XS0896120044 Swedbank Mortgage cover pool 06/03/2013 06/03/2043 EUR 25,000,000 Fixed No No No HB Yes No
XS1381920161 Swedbank Mortgage cover pool 17/03/2016 17/03/2031 EUR 25,000,000 Fixed No Yes No HB Yes No
1 - 25 of 244 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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