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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
SEB032023 SEB Cover Pool 20/03/2008 20/03/2023 EUR 24,000,000 Fixed No No No HB Yes No
SE0011426162 Stadshypotek Swedish Pool 09/04/2019 03/05/2022 EUR * 523,205,406 Floating No No No HB Yes 1
SE0012676799 Stadshypotek Swedish Pool 30/03/2020 03/08/2023 EUR * 602,931,944 Floating No No No HB Yes 1
XS0488083287 Swedbank Mortgage cover pool 01/03/2010 01/03/2040 EUR 0 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
SCHULD16 Nordea Hypotek cover pool 26/02/2009 26/02/2024 EUR 118,000,000 Fixed No No No HB Yes No
SCHULD17 Nordea Hypotek cover pool 27/02/2009 27/02/2026 EUR 165,000,000 Fixed No No No HB Yes No
SCHULD18 Nordea Hypotek cover pool 12/03/2009 12/03/2024 EUR 85,000,000 Fixed No No No HB Yes No
SCHULD19 Nordea Hypotek cover pool 25/03/2009 25/03/2024 EUR 20,000,000 Fixed No No No HB Yes No
SCHULD21 Nordea Hypotek cover pool 27/03/2009 27/03/2023 EUR 92,750,000 Fixed No No No HB Yes No
SCHULD22 Nordea Hypotek cover pool 27/03/2009 27/03/2024 EUR 70,000,000 Fixed No No No HB Yes No
SCHULD23 Nordea Hypotek cover pool 02/04/2009 02/04/2024 EUR 25,000,000 Fixed No No No HB Yes No
SCHULD24 Nordea Hypotek cover pool 17/04/2009 17/04/2024 EUR 30,000,000 Fixed No No 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
SCHULD27 Nordea Hypotek cover pool 22/07/2009 22/07/2024 EUR 15,000,000 Fixed No No No HB Yes No
SCHULD28 Nordea Hypotek cover pool 29/07/2009 29/07/2024 EUR 25,000,000 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
SCHULD32 Nordea Hypotek cover pool 23/10/2009 23/10/2024 EUR 25,000,000 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
SCHULD34 Nordea Hypotek cover pool 30/10/2009 30/10/2024 EUR 100,000,000 Fixed No No No HB Yes No
SCHULD4 Nordea Hypotek cover pool 27/02/2008 27/02/2024 EUR 10,000,000 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
SE0011062926 Nordea Hypotek cover pool 06/08/2018 16/01/2023 EUR * 49,829,087 Floating No No No HB Yes N/A
SE0011062934 Nordea Hypotek cover pool 06/08/2018 15/06/2023 EUR * 49,829,087 Floating No No No HB Yes N/A
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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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