Covered bonds
The Swedish Covered Bond Act came into force on 1 July 2004. Swedbank set up its covered bond programme in April 2008 and issued its first covered bond in May 2008.
Historically, Swedbank issued public mortgage bonds through its fully owned subsidiary, Swedbank Mortgage AB, which also served as the mortgage institution of the Group for the Swedish mortgage market. Today Swedbank Mortgage AB is the issuer of the Group's covered bonds, making up the primary source of wholesale funding for the Group.
Swedbank Mortgage's covered bond rating is AAA/Aaa from Standard & Poor's and Moody's.
| Nominal value SEKm | |
|---|---|
| Domestic covered bonds | 255 675 |
| International covered bonds | 96 098 |
| Total | 351 773 |
| Loan nr | ISIN | Coupon % | Maturity | Outstanding volume nom. value SEKm 31 Dec, 2024 |
|---|---|---|---|---|
| SwedHyp 195 | SE0013546066 | 1.00 | 18 Jun 2025 | 45 650 |
| SwedHyp 196 | SE0015244991 | 1.00 | 18 Mar 2026 | 54 425 |
| SwedHyp 197 | SE0016828529 | 1.00 | 18 Mar 2027 | 48 650 |
| SwedHyp 198 | SE0019175548 | 3.00 | 15 Mar 2028 | 33 450 |
| Swed Hyp 199 | SE0020679074 | 3.00 | 28 Mar 2029 | 59 650 |
| Swed Hyp 200 | SE0022239356 | 3.00 | 27 Dec 2029 | 19 600 |
| ISIN code | Coupon% | Trade date | Maturity | Amount SEKm | Spread | Final terms |
|---|---|---|---|---|---|---|
| XS2909660271 | FRN | 20 Sep 2024 | 27 Sep 2029 | 3 000 | 3m S+30bps | Final terms XS2909660271 (PDF) |
| XS2909661089 | 2.342 | 20 Sep 2024 | 27 Sep 2029 | 7 000 | MS+30bps | Final terms XS2909661089 (PDF) |
| ISIN code | Coupon % | Trade date | Maturity date | Amount EURm | Issuance spread Mid swaps | Final terms |
|---|---|---|---|---|---|---|
| XS2002504194 | 0.05 | 20 May 2019 | 1250 | +54.5bp | Final terms XS2002504194 (PDF) | |
| XS1946788194 | 0.5 | 29 Jan 2019 | 05 Feb 2026 | 1 000 | +66.1bp | Final terms XS1946788194 (PDF) |
| XS2487057106 | 1.375 | 24 May 2022 | 31 May 2027 | 1 000 | +6bp | Final terms XS2487057106 (PDF) |
| XS2607781882 | 3.125 | 29 Mar 2023 | 05 Jul 2028 | 1 000 | +18bp | Final terms XS2607781882 (PDF) |
ECBC Covered Bond Label
Swedbank Mortgage is a member of the ECBC Covered Bond Label Initiative. The labelled covered bonds issued by Swedbank Mortgage can be found on the