NEW ISSUE: DNB Boligkreditt US$500m Min 5yr CB; SOFR MS+52bp
IGC European Market: Deal Flow - General
Issuer
Term
Maturity
Size
Ranking
Type
Guidance
DNB Boligkreditt AS
5yr
16-Apr-31
US$500m Min
CB
Fixed
SOFR MS+52
Guidance: 5yr: SOFR MS+52bp
Issuer: DNB Boligkreditt AS
Legal Entity Identifier: 5967007LIEEXZX659K67
Expected Issue Ratings: Aaa/AAA (Moody's/S&P)
Status of the Bonds: Norwegian Covered Bonds backed by prime Norwegian residential mortgages
Covered Bond Label: European Covered Bond (Premium)
Currency: USD
Size: US$500m Min
Guidance: SOFR MS+52bps
Format: Bearer – New Global Covered Bond (NGCBN) form, held in a manner intended to be Eurosystem eligible
Launch date: 7-Apr-26
Settlement Date: 16-Apr-26 (T+7)
Maturity Date: 16-Apr-31 (5 year)
Extended Final Maturity Date: 16-Apr-32; option to extend as defined by the Programme
Coupon until Maturity Date: [•]% annually payable on 16 April each year, with the first coupon payable on 16 April 2027. 30/360, unadjusted, following
Business Days: London, New York, Oslo
Redemption Amount: 100% of the outstanding nominal amount
Denominations: US$200,000 (and integral multiples of US$1,000 in excess thereof)
Fees: The Lead Manager will be paid a fee by the Issuer in respect of the placement of the securities. Details of the fee may be made available on request to investors participating in the transaction
Documentation: Under the Issuer’s EUR60bn Euro Covered Bond Programme dated 27 June 2025
Use of Proceeds: General Corporate Purposes
Listing/Law: Irish Stock Exchange / English law, except Conditions 2 and 11 of the Programme which are subject to Norwegian law
ISIN Code: XS3338901781
Common Code: 333890178
Clearing: Euroclear / Clearstream, Luxembourg
Target Market: MiFID II / UK MiFIR professionals/ECPs-only/No PRIIPs KID – Manufacturer target market (MIFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail in EEA and in the UK