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Biggest Danish Mortgage Bank to Test New Debt Amid Bond Selloff

By Tony Seruga

Nykredit CFO Soeren Holm Soeren Holm, chief financial officer of Nykredit A/S. Source: Nykredit A/S via Bloomberg

Denmark’s biggest mortgage bank, Nykredit Realkredit A/S, is planning to test a new kind of debt it says will probably improve its rating.

The bank wants to try to sell bonds designed to have a so-called additional loss-absorbing capacity, or ALAC, as Standard & Poor’s introduces the characteristic into its ratings assessments. The company last week put Nykredit on creditwatch negative on concern the lender may no longer enjoy the same degree of government support it once did…

Biggest Danish Mortgage Bank to Test New Debt Amid Bond Selloff

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