Swedbank Mortgage converts to covered bonds

On 21 April, Swedbank Mortgage, Swedbank Group’s mortgage institution, will convert to covered bonds as its primary funding source. The transition will take place through a conversion of outstanding long-term funding to covered bonds with AAA rating from Standard and Poor’s and
Aaa rating from Moody’s. After the conversion, Swedbank Mortgage will issue covered bonds with the same rating.

“Swedbank is active on capital markets worldwide and we have noticed a great deal of interest for Swedbank Mortgage’s covered bonds” says Jan Lilja, President of Swedbank Mortgage. “Standard and Poor’s and Moody’s have now confirmed the very high quality of our loan portfolio by awarding the highest rating, AAA, on our covered bonds. “

The conversion will give Swedbank Mortgage access to even more categories of investors and can thereby further broaden the investor base. Ultimately, this will enable Swedbank Mortgage to continuously offer attractive prices to the mortgage customers.

Bondholders affected by the conversion will receive a separate message about this.


For further information, please contact:
Mikael Inglander, CFO, Swedbank, phone: +46 8 585 913 14
Jan Lilja, President, Swedbank Mortgage, phone: +46 70 662 87 26