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Cover pool

Data as per 30 September2018


Loan-to-value calculation as defined by the Association of Swedish Covered Bond Issuers www.ascb.se

Cover pool data

Cover pool summarySep 2018Jun 2018Mar 2018Dec 2017Sep 2017
Total assets in the cover pool, SEKbn959.8955.1942.0928.6915.7
Number of borrowers1 118 0581 120 3051 121 1101 119 0651 119 475
Number of properties753 043754 104754 153752 474751 909
Average loan size, SEK594 881591 486584 517577 975570 469
Number of loans outstanding1 613 3701 614 7841 611 6361 606 5671 605 238
Over-collateralisation level98.678.779.685.572.0%
Weighted Average LTV (property level)51%51%50%49%49%
Average seasoning , months6766666666
 
Type of loans in the pool 
Residentials 92.6%92.3%92.0%91.9%91.9%
of which Single-family housing 57.0%57.1%57.0%59.9%56.9%
of which Tenant owner rights21.3%21.0%20.9%20.7%20.5%
of which Tenant owner associations9.4%9.3%9.4%9.6%9.8%
of which Multi-family housing4.9%4.9%4.7%4.7%4.7%
Public0.5%0.6%0.7%0.7%0.8%
Commercial0.8%0.8%0.8%0.8%0.7%
Forest & Agricultural6.1%6.3%6.5%6.6%6.6%
 
Geographic distribution (more granular in pdf)
North6.5%6.5%6.5%6.5%6.4%
Middle (including Stockholm)44.0%44.0%44.0%43.9%44.0%
South (including Gothenburg and Malmoe)49.5%49.5%49.5%49.6%49.6%
 
Interest rate fixing, floating / fixed
(distribution by refixing period as percentage of total cover pool)
Floating (reset in < 365 days)70.5%70.4%70.1%70.8%71.9%
Fixed, reset period 1-2 Y11.1%11.0%10.2%9.1%8.7%
Fixed, reset period 2-5 Y16.9%17.1%18.1%18.4%17.6%
Fixed, reset period > 5 Y1.5%1.5%1.6%1.7%1.8%
 
Repayment structure, on property level
Amortising70%69%68%68%66%
Interest only30%31%32%32%34%
Dynamic poolYESYESYESYESYES
 

Non-performing loans 1)

(see pdf. for split of loans past due 0-60 days)

NonNonNonNonNon
1) Loans past due > 60 days are not eligible for the cover pool
 
Covered bonds
Rating of the Covered bond programme (S&P / Moody's)AAA/AaaAAA/AaaAAA/AaaAAA/AaaAAA/Aaa
Total outstanding amount, nominal, SEKm 1)483 194534 458524 453500 598532 970
Weighted average maturity period4440 months39 months39 months38 months
FX distribution                                 SEK68%71%70%69%71%
                                                        EUR26%23%23%22%21%
                                                        USD2%2%2%3%3%
                                                        Other4%4%5%6%5%
1) FX-rate as per trade date; Gross outstanding amount, i.e. including intra-group holdings.
 

 

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 ECBC Covered Bond Label website.

ECBC label initiative

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