Commentary & Deal Flow

Eika Boligkreditt AS, backed by prime Norwegian residential mortgages, (ticker: "EIKBOL") expected to be rated Aaa by Moody's, has mandated Credit Agricole CIB, Danske Bank, Erste Group, LBBW and Nordea as Joint Bookrunners.

An expected €500m WNG, Reg S, Covered Bond 10yr € offering will follow in the near future, subject to market conditions.

• Format: Reg S bearer (TEFRA D)
• Label: European Covered Bond (Premium), ECBC Covered Bond label compliant
• Stabilisation: Relevant stabilisation regulations including FCA/ICMA will apply
• Target Market: Manufacturer target market (MiFID II / UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels)
• PRIIPs: No EEA or UK PRIIPs key information document (KID) has been prepared as not available to retail in the EEA or in the UK