Bustadkreditt Sogn og Fjordane AS cover pool data
Report date:
Report currency:
31.12.2013
NOK
1. General cover pool information
1.1 Key characteristics
Total cover pool, nominal balance
Nominal loan balance of coverr pool
Number of mortgages
Number of borrowers
Average loan balance
Outstanding covered bonds, nominal balance
Substitute assets (% of total cover pool)
WA indexed LTV (%)
WA seasoning (in months)*
WAL of cover pool (contractual maturity in years)
WAL of outstanding covered bonds (contractual maturity in years)
* Seasoning indicates the number of months since collateral for the loan was established.
9.266.583.283
8.677.722.610
7.742
7.428
1.120.863
7.132.500.000
6%
55,9
34
15,9
3,1
1.2 Overcollateralisation*
Cover pool size
Nominal
Residential mortgages, eligible loan balance
Residential mortgages, non eligible loan balance
Total cover pool (incl. non eligible loan balance)
Total cover pool, eligible loan balance
8.630.961.586
46.761.024
588.860.673
9.266.583.283
9.219.822.259
Covered bonds outstanding
7.132.500.000
Substitue assets
Overcollateralisation (incl. non eligible loan balance)
Overcollateralisation, eligible loan balance
29,9 %
29,3 %
* The nominal Overcollateralisation (OC) percentage may change from time to time and may be reduced in the future. However, Bustadkreditt Sogn og Fjordane
1.4 Maturity structure covered bonds
Extended maturity (years)
0-1
1-2
2-3
3-5
5-10
Over 10
Total
Maturity (years)
0-1
1-2
2-3
3-5
5-10
Over 10
Total
Loan balance
432.500.000
0
1.200.000.000
2.700.000.000
2.800.000.000
0
7.132.500.000
%
6,1
0,0
16,8
37,9
39,3
0,0
100,0
%
%
%
%
%
%
%
0,0
22,9
23,8
39,3
14,0
0,0
100,0
%
%
%
%
%
%
%
Loan balance
0
1.632.500.000
1.700.000.000
2.800.000.000
1.000.000.000
0
7.132.500.000
%
2. Composition of the residential mortgage cover pool
2.1 Property types
Loan balance
House
Flat in block with less than 4 units
Flat in block with 4 or more units
PARTIAL COMMERCIAL USE
Total
6.326.389.441
1.702.467.481
582.440.843
66.424.845
8.677.722.610
%
72,9
19,6
6,7
0,8
100,0
%
%
%
%
%
2.2 Largest borrowers
Private individuals
5 largest (% of total mortgages)
10 largest (% of total mortgages)
0,7 %
1,2 %
2.3 Occupancy type
Loan balance
Owner occupied
Buy-to-let
Second home
No data
Total
8.232.569.006
92.785.687
259.016.542
93.351.376
8.677.722.610
%
94,9
1,1
3,0
1,1
100,0
%
%
%
%
%
70,4
0,3
0,0
0,0
29,2
100,0
%
%
%
%
%
%
2.4 Repayment type
Loan balance
Monthly
Quarterly/Semi-annually
Annualy
BULLET
Other*
Total
* Refers to flexible loans
6.108.888.990
30.367.836
2.089.769
0
2.536.376.015
8.677.722.610
%
2.5 Flexible loans
Drawn balance
Total limit on flexible loans
Percentage drawn of limit
WA LTV*
3.793.996.331
4.970.839.730
76,3 %
38,0 %
* The WA LTV is calculated based on drawn balance.
2.6 LTV buckets
Indexed LTV
≥ 0 ≤ 40
40 ≤ 50
50 ≤ 60
60 ≤ 70
70 ≤ 80
80 ≤ 85
85 ≤ 90
90 ≤ 95
95 ≤ 100
100 ≤ 105
> 105
Total
1.618.913.627
948.701.241
1.241.187.240
1.676.954.759
1.479.634.471
465.092.515
316.431.061
202.059.564
156.554.709
146.967.318
425.226.106
8.677.722.610
18,7
10,9
14,3
19,3
17,1
5,4
3,6
2,3
1,8
1,7
4,9
100,0
%
%
%
%
%
%
%
%
%
%
%
%
19,7
25,2
18,4
16,2
20,5
100,0
%
%
%
%
%
%
2.7 Seasoning*
Loan balance
0-12
12-24
24-36
36-60
Over 60
Total
* Seasoning indicates the number of months since the loan was established.
1.710.065.999
2.186.244.916
1.598.494.921
1.407.543.217
1.775.373.558
8.677.722.610
%
2.8 Interest rate type
Loan balance
Floating rate
Fixed rate with reset < 2 years
Fixed rate with reset ≥ 2 but < 5 years
Fixed rate with reset ≥ 5 years
Total
8.677.722.610
0
0
0
8.677.722.610
%
100,0
0,0
0,0
0,0
100,0
%
%
%
%
%
2.9 Loan performance
Loan balance
Performing loans
Delinquent loans (arrears 31 to 90 days)
Gross non performing loans (arrears 91 days +)
Total
8.677.616.730
0
105.880
8.677.722.610
%
100,00
0,00
0,00
100,0
%
%
%
%
2.10 Geographical distribution
Akershus
Aust-Agder
Buskerud
Finnmark
Hedmark
Hordaland
Møre og Romsdal
Nordland
Nord-Trøndelag
Oppland
Oslo
Østfold
Rogaland
Sogn og Fjordane
Sør-Trøndelag
Telemark
Troms
Vest-Agder
Vestfold
Total
Loan balance
559.805.525
28.988.868
88.465.934
5.929.022
25.958.711
2.140.567.566
153.264.695
17.766.857
4.489.520
42.171.398
809.322.771
59.906.190
213.808.348
4.341.255.457
68.512.927
9.165.776
12.979.557
32.754.295
62.609.192
8.677.722.610
6,5
0,3
1,0
0,1
0,3
24,7
1,8
0,2
0,1
0,5
9,3
0,7
2,5
50,0
0,8
0,1
0,1
0,4
0,7
100,0
%
Average loan balance
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
%
1.617.935
1.260.386
1.361.014
988.170
961.434
1.371.280
1.206.809
1.045.109
897.904
1.240.335
1.590.025
1.152.042
1.549.336
908.402
1.007.543
763.815
1.179.960
1.488.832
1.490.695
1.120.863
3. List of oustanding covered bonds
ISIN
NO0010504194
NO0010572290
NO0010593155
NO0010630973
NO0010625619
NO0010637101
NO0010660020
NO0010665177
NO0010673395
ISIN
NO0010504194
NO0010572290
NO0010593155
NO0010630973
NO0010625619
NO0010637101
NO0010660020
NO0010665177
NO0010673395
Legal final (or
"extended"
maturity date,
dd/mm/yyyy )
Current balance
Date of
issuance
432.500.000
700.000.000
700.000.000
500.000.000
1.000.000.000
1.000.000.000
800.000.000
1.000.000.000
1.000.000.000
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17.08.2014
27.04.2015
10.03.2016
07.12.2015
28.06.2016
17.02.2017
18.04.2018
13.08.2019
20.09.2018
Interest payment Principal payment
frequency
frequency
INTEREST
RATE TYPE
Interest margin
where floating rate
Currency
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
NOK
(Norway)
(Norway)
(Norway)
(Norway)
(Norway)
(Norway)
(Norway)
(Norway)
(Norway)
Quarterly
Quarterly
Quarterly
Quarterly
Quarterly
Quarterly
Quarterly
Quarterly
Quarterly
BULLET
BULLET
BULLET
BULLET
BULLET
BULLET
BULLET
BULLET
BULLET
Floating
Floating
Floating
Floating
Floating
Floating
Floating
Floating
Floating
Maturity date
rate
rate
rate
rate
rate
rate
rate
rate
rate
40
55
58
70
55
72
55
58
48
17.08.2015
27.04.2016
10.03.2017
07.12.2016
28.06.2017
17.02.2018
18.04.2019
13.08.2020
20.09.2019
BASIS over which
interest margin is
calculated
Nibor
Nibor
Nibor
Nibor
Nibor
Nibor
Nibor
Nibor
Nibor
3
3
3
3
3
3
3
3
3
month
month
month
month
month
month
month
month
month
Next Interest Payment Date
(dd/mm/yyyy)
17.02.2014
27.01.2014
10.03.2014
07.03.2014
28.03.2014
17.02.2014
20.01.2014
13.02.2014
20.03.2014
Structured features
Call 12 mnth before final maturity
12 mnth extension periode
12 mnth extension periode
13 mnth extension periode
12 mnth extension periode
12 mnth extension periode
12 mnth extension periode
12 mnth extension periode
12 mnth extension periode
Next Principal
Payment Date
(dd/mm/yyyy)
17.08.2014
27.04.2015
10.03.2016
07.12.2015
28.06.2016
17.02.2017
18.04.2018
13.08.2019
20.09.2018
Private Issuance?
Yes
No
No
No
No
No
No
No
No
FLEKSILÅN
FLEKSILÅN TILSETTE
30-90
Over 90
1-2
1-2
2-3
1-2
2-3
3-5
3-5
5-10
3-5
0-1
2-3
3-5
2-3
3-5
3-5
5-10
5-10
5-10