FRANKFURT - Landesbank Baden-Württemberg announced today that the post-stabilization period for Sparebanken Vest Boligkreditt AS’s EUR 750 million bond offering has concluded with no stabilization actions undertaken. The pre-stabilization period had previously been announced on March 21, 2025.
The bond, a long 5-year 2.75% Jun-32 benchmark, is described as a Covered Bond, backed by residential Norwegian mortgages. It is compliant with European Covered Bond (Premium) and ECBC Covered Bond Label standards, and is eligible for the European Central Bank’s repo operations and Liquidity Coverage Ratio (LCR) Level 1B.
Offered at a price of 99.814%, the bond was managed by a consortium of banks including BMO Capital Markets, DZ BANK, Helaba, LBBW, Santander (BME:SAN), and SEB, acting as stabilization managers.
The announcement clarifies that no stabilization, which is a regulatory measure designed to support the price of a security after its initial offering, was necessary for this bond issue. This suggests that the market conditions were favorable enough to maintain the bond’s price without intervention.
It is important to note that the securities have not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold in the United States absent registration or an exemption from registration. There will not be a public offer of the securities in the United States.
This information is based on a press release statement and is intended for informational purposes only, serving neither as an invitation nor an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
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