Obbligazione DNB Boligfinans 0% ( NO0010877772 ) in NOK

DNB Boligfinans

100 NOK ⇌

Norvegia

NO0010877772 ( in NOK )

26/06/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione DNB Boligkreditt NO0010877772 in NOK 0%, scaduta

1 000 000 NOK

2 500 000 000 NOK

DNB Boligkreditt è una società di credito ipotecario norvegese, parte del gruppo DNB, che offre prestiti ipotecari e altri servizi finanziari legati all'acquisto e alla proprietà di immobili in Norvegia.

The Obbligazione issued by DNB Boligfinans ( Norway ) , in NOK, with the ISIN code NO0010877772, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 26/06/2023

Term sheet written in connection with application of listing on Nordic ABM
Date:
19 March 2020
Final
ISIN: NO0010877772
FRN KLP Boligkreditt AS Covered Bond issue 2020/2022 (Extendable to 26 June 2023)
Terms:
Documentation:
Before investing in the bond, the investor is encouraged to become familiar with
The Loan Agreement 1) is described more closely in
relevant documents such as this term sheet, the Loan Agreement and the Issuer's
Standard Terms
financial accounts and articles of association and if relevant, listing document, cf ABM-
rules section 2.7.2.3. The documents are available from the Issuer and in Relevant
Places. In the case of any discrepancies between the Loan Agreement and this term
sheet, the Loan Agreement will apply.
Relevant Places:
www.klp.no
Issuer/Borrower:
KLP Boligkreditt AS
Borrowing Limit Tap Issue:
NOK 2 500 000 000
First Tranche / Loan Amount: 2)
NOK 1 500 000 000
Disbursement Date: 3)
24 March 2020
Maturity Date: 4)
24 June 2022, see Special (distinct) conditions.
NIBOR: 5)
3 month NIBOR
Margin:
0.50 per cent
Interest Rate: 6)
NIBOR + Margin
Day Count Fraction Interest Rate:
Actual/360
Interest Payment Date: 7) 9)
24 March, 24 June, 24 September and 24 December each year.
Business Day Convention: 8)
Modified Following Business Day
Interest accrual date (from and including):
Disbursement Date
Final interest payment date (to):
Maturity Date
# days first term:
92 days
Status of the Loan 10)
Covered Bonds
Issue Price: 11)
100 per cent
Denomination:
NOK 2,000,000
Call: 12)
Redemption
N/A
Price:
N/A
Date(s):
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Issuer's org. number/LEI-
NO 912 719 634 / 5967007LIEEXZX5LZ409
code:
Number / Codes:
Sector Code:
3500
Geographic
5001
Industry
64920
code:
(trade)
Code:
Usage of funds:
The Purpose of the Issue is general financing of the Issuer
Approvals / Permissions:

The issuance is within the limits approved by board of the directors and has been resolved
to be issued by the administration

The listing document has been inspected by Oslo Børs, cf ABM-rules sec 2.7
Trustee / Bondholders'
Nordic Trustee AS, P O Box 1470 Vika, N-01116 Oslo Norway
Representative:
Arranger(s):
DNB Bank ASA, DNB Markets
Paying Agent:
DNB Bank ASA, Registrars Department
Securities Depository:
The Norwegian Central Securities Depository (VPS)
Market making:
No market-maker agreement has been made for this Issue
MiFiD II target market of
Professional Clients / Eligible counterparty
end clients:
on PRIIPS, no KID
Withholding tax: 13)
No gross up
FRN Bullet Bond
Page 1 of 3

Special (distinct)
Extended Maturity date: 26 June 2023
conditions:
Supplementary
The bonds are unsubordinated obligations issued as covered bonds (obligasjoner med fortrinnsrett)
information about the
in accordance with Chapter 11, Sub-chapter II and appurtenant regulations of the Financial
status of the loan and
Undertaking Act and rank pari passu among (i) themselves, (ii) any other bonds issued by the Issuer
collateral: 10)
that have been given the same preferential rights to the Cover Pool and (iii) any obligations of the
Issuer to counterparties under derivative contracts, if any, as referred to in Section 11-8 (1) (e) of
the Financial Undertaking Act that have been provided the same preferred rights to settlement
against the Cover Pool.
To the extent that claims in relation to the bonds, other covered bonds and relating derivative
agreements (both as registered in the Cover Pool Register) are not met out of the Cover Pool, the
residual claims will rank pari passu with the unsecured and unsubordinated obligations of the Issuer,
save for those preferred by law.
The bonds are unsecured. In accordance with the Financial Undertakings Act, the bonds, together
with any other assets as set out in Clause 3.2 (Status) in the Bond Terms which are registered in the
Cover Pool Register at any time, shall in the event of bankruptcy, negotiation of debt under the
Bankruptcy Act, winding up of the Issuer or public administration of the Issuer, have an exclusive,
equal and proportional preferential claim over the Cover Pool.
_________________________________________________________________________________________________________________
Standard Terms:
If any discrepancy should occur between this Loan Description and the Loan Agreement, then the Loan Agreement
will apply.
Loan Agreement: 1)
The Loan Agreement will be entered into between the Issuer and the Trustee prior to Disbursement Date. The Loan
Agreement regulates the Bondholder's rights and obligations in relations with the Issue. The Trustee enters into this
agreement on behalf of the Bondholders and is granted authority to act on behalf of the Bondholders to the extent
provided for in the Loan Agreement.
When bonds are subscribed/purchased, the Bondholder has accepted the Loan Agreement and is bound by the
terms of the Loan Agreement. If subscription is made prior to finalisation of the Loan Agreement, the subscriber is
deemed to have granted authority to the Trustee to finalise the Loan Agreement. For tap issues, the Loan
Agreement will apply for later issues made within the Borrowing Limit. The parties' rights and obligations are also
valid for subsequent issued bonds within the Borrowing Limit.
Open / Close: 3)4)
Tap Issues will be opened on Disbursement Date and closed no later than five banking days before Maturity Date.
Disbursement Date: 3)
Payment of the First Tranche / Loan Amount takes place on the banking date ahead of the Disbursement Date as
agreed with the Manager(s). In case of late payment, the applicable default interest rate according to "lov 17.
desember 1976 nr 100 om renter ved forsinket betaling m.m." will accrue.
Expansions Tap Issues:
For Tap Issues the Issuer can increase the loan above the First Tranche/Loan Amount. For taps not falling on Interest
2)
Payment Dates, Accrued Interest will be calculated using standard market practice in the secondary bond market.
The Issuer may apply for an increase of the Borrowing Limit.
Issue price Tap
Any taps under the Tap Issue will be made at market prices.
Issues:11)
Interest Determination
2 Business Days prior to Date of Interest Payment Date
Date: 7)
Interest Determination:
The regulation of the Interest Rate is effective from each Interest Payment Date. The new interest rate is determined
6)7)
on Interest Determination Date based on NIBOR with additional margin. If the Interest Rate becomes negative, the
Interest Rate is set to zero.
The new interest rate and the next interest term/period will be notified the Bondholders in writing through the
Securities Depository. The Trustee and Nordic ABM shall also be notified immediately.
NIBOR definition: 5)
(Norwegian Interbank Offered Rate) Interest rate fixed for a defined period as distributed by Global Rate Set Systems
(GRSS) at approximately 12.00 (Oslo time) on Interest Determination Date. In the event that this rate is not available,
either a linear interpolation between the two closest interest rate periods using the same number of decimals, or
another available interest rate for deposits for similar currency and period. If none of the above is available, the
interest rate will be defined by the Bond Trustee in consultation with the issuer. In this latter case the rate will be set
to the rate that is generally accepted by market participants as replacement for NIBOR or a rate that reflects the
interest rate offered in the deposit market in NOK for the relevant Interest Period.
NIBOR is calculated to two Business Days prior to every Interest Payment Date, rounded to the nearest hundredth of
a percentage point, for the Interest Period stated. NIBOR applies with effect from each Interest Payment Date to the
next Interest Payment Date. If NA is specified, Reference Rate does not apply.
Interest Period: 9)7)
The interest is due in arrears on the Interest Payment Date. The first interest period matures on the first Interest
Payment Date after the Disbursement Date. The next period runs from this date until the next Interest Payment Date.
The last period of interest ends on Maturity Date.
FRN Bullet Bond
Page 2 of 3

Accrued interest:
Accrued Interest for trades in the secondary bond market are calculated on the basis of current recommendations of
Norsk Finansanalytikeres Forening (The Norwegian Society of Financial Analysts).
Standard Business Day
Modified Following: If the Interest Payment Date is not a banking day, the Interest Payment Date shall be postponed
Convention: 8)
to the next banking day. However, if this day falls in the following calendar month, the Interest Payment Date is
moved to the first banking day preceding the original date.
Condition Issuer's call
Exercise of Call shall be notified by the Issuer to the Bondholders and the Bond Trustee at least ten Business Days
option: 13)
prior to the relevant Call Date.
Partial exercise of Call shall be carried out pro rata between the Bonds (according to the procedures in the Securities
Register).
Registration:
The loan must prior to disbursement be registered in the Securities Depository. The bonds are being registered on
each Bondholders account or nominee account in the Securities Depository.
Issuer's acquisition of
The Issuer has the right to acquire Bonds and to retain, sell or discharge such Bonds in the Securities Depository.
bonds:
Subordinated bonds may not be purchased, sold or dischared by the Issuer without the consent of Finanstilsynet,
provided that such consent is required.
Amortisation: 4)
The bonds will run without instalments and be repaid in full on Maturity Date at par, provided the Issuer has not
called the bonds.
Redemption:
Matured interest and matured principal will be credited each Bondholder directly from the Securities Registry. Claims
for interest and principal shall be limited in time pursuant the Norwegian Act relating to the Limitation Period Claims
of May 18 1979 no 18, p.t. 3 years for interest rates and 10 years for principal.
Sale:
Tranche 1/ Loan Amount has been sold by the Arranger(s). Later taps can also be made by other authorized
investment firms.
Legislation:
Disputes arising from or in connection with the Loan Agreement, which are not resolved amicably, shall be resolved
in accordance with Norwegian law and the Norwegian courts. Legal suits shall be served at the Trustee's competent
legal venue.
Fees and expenses:
Any public fees payable in connection with the Bond Agreement and fulfilling of the obligations pursuant to the Bond
Agreement shall be covered by the Issuer. The Issuer is not responsible for reimbursing any public fees levied on the
trading of Bonds.
Withholding tax: 13)
The issuer is responsible for withholding any withholding tax imposed by applicable law on any payments to be made
by it in relation to the bonds. In case of Gross up, the issuer shall be liable to gross up any payments in relation to the
bonds by virtue of withholding tax, public levy or similar taxes. In case of No gross up, the issuer shall not be liable to
gross up any payments in relation to the bonds by virtue of withholding tax, public levy or similar taxes.
Oslo, 19 March 2020
FRN Bullet Bond
Page 3 of 3