Commitments made by Danske Hypotek

Danske Hypotek AB (publ)'s (“Danske Hypotek”) Swedish covered bond programme (the “Programme”) is currently rated by S&P Global Ratings (“S&P”). While the Programme is rated by S&P, Danske Hypotek commits:

  • To maintain the over-collateralisation (“OC”) level following from S&P’s criteria in order to maintain the targeted S&P rating of the Programme.
  • To currently maintain liquid assets in the cover pool to cover at least 180 days (calculated on a rolling basis) of contractual net-outflows less expected prepayments, following from S&P’s criteria in order to maintain the targeted S&P rating of the Programme.

Danske Hypotek’s current targeted S&P Programme rating is ‘AAA’. Danske Hypotek retains the right to change its targeted S&P Programme rating. The above commitments do not guarantee that the S&P Programme rating will remain the same over time.