Obbligazione DNB Boliglån A.S 1.542% ( XS1702822567 ) in EUR

DNB Boliglån A.S

100 EUR ⇌

Norvegia

XS1702822567 ( in EUR )

1.542% per anno ( pagato 1 volta l'anno)

02/11/2037 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione DNB Boligkreditt A.S XS1702822567 in EUR 1.542%, scaduta

DNB Boligkreditt A.S. è una società di credito ipotecario norvegese, parte del gruppo DNB, specializzata in finanziamenti per l'acquisto e la ristrutturazione di immobili residenziali.

The Obbligazione issued by DNB Boliglån A.S ( Norway ) , in EUR, with the ISIN code XS1702822567, pays a coupon of 1.542% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 02/11/2037

EXECUTION VERSION
31 October 2017
DNB Boligkreditt AS
Issue of EUR 20,000,000 1.542 per cent. Covered Bonds due 2 November 2037 under the
60,000,000,000 Covered Bond Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth
in the Base Prospectus dated 22 June 2017 and the supplements to the Base Prospectus dated 13 July
2017 and 26 October 2017 which together constitute a base prospectus for the purposes of the
Prospectus Directive (the "Base Prospectus"). This document constitutes the Final Terms of the
Covered Bonds described herein for the purposes of Article 5.4 of the Prospectus Directive and must
be read in conjunction with the Base Prospectus. Full information on the Issuer and the offer of the
Covered Bonds is only available on the basis of the combination of these Final Terms and the Base
Prospectus. These Final Terms, the Base Prospectus and the supplement have been published on the
website of the Irish Stock Exchange at www.ise.ie.

1
Issuer:
DNB Boligkreditt AS
2
(i)
Series Number:
167
(ii)
Tranche Number:
1
3
Specified Currency or Currencies:
Euro ("EUR")
4
Aggregate Nominal Amount:

Series:
EUR 20,000,000
Tranche:
EUR 20,000,000
5
Issue Price:
100 per cent. of the Aggregate Nominal
Amount
6
(i)
Specified Denominations:
EUR 100,000
(ii)
Calculation Amount:
EUR 100,000

7
(i)
Issue Date:
2 November 2017
(ii)
Interest Commencement Date:
Issue Date

(a)
Period to Maturity Date:
Issue Date
(b)
Period from Maturity Date up Maturity Date
to Extended Maturity Date:
8
(i)
Maturity Date:
2 November 2037
(ii)
Extended Maturity Date:
Applicable

The Extended Maturity Date is 2 November
2038.

In accordance with the Conditions and
these Final Terms, if the Issuer fails to

redeem the Covered Bonds in full on the
Maturity Date or within two Business Days
thereafter, the maturity of the principal
amount outstanding of the Covered Bonds
will automatically be extended up to one
year to the Extended Maturity Date without
constituting an event of default or giving
holders of the Covered Bonds any right to
accelerate payments on the Covered
Bonds. In that event, the interest rate
payable on, and the interest periods and
Interest Payment Dates, in respect of the
Covered Bonds, will change from those that
applied up to the Maturity Date and the
Issuer may redeem all or part of the
principal amount outstanding of those
Covered Bonds on an Interest Payment
Date falling in any month after the Maturity
Date up to and including the Extended
Maturity Date, all in accordance with the
Conditions and these Final Terms. See
Conditions 3(d) and 5(i).
9
Interest Basis:

(i)
Period to (and including) Maturity 1.542 per cent. Fixed Rate
Date:
(further particulars specified in paragraph
13 below)

(ii)
Period from (but excluding) Maturity 1 month EURIBOR + 0.12 per cent. Floating
Date up to (and including) Extended Rate
Maturity Date:
(further particulars specified in paragraph
14 below)

10
Redemption Basis:
Subject to any purchase and cancellation or
early redemption, the Covered Bonds will
be redeemed on the Maturity Date at 100
per cent. of their nominal amount.
11
Change of Interest Basis:
If not redeemed on the Maturity Date,
Floating Rate
12
Put/Call Options:
Not Applicable
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13
Fixed Rate Covered Bond Provisions

(I)
To Maturity Date:
Applicable
(II)
From Maturity Date up to Extended Not Applicable
Maturity Date:

(i)
Rate(s) of Interest:

(a)
To Maturity Date:
1.542 per cent. per annum payable in arrear
on each Interest Payment Date

(b)
From Maturity Date Not Applicable
up
to
Extended
Maturity Date:
(ii)
Interest Payment Date(s):

(a)
To Maturity Date:
2 November in each year up to and
including the Maturity Date
(b)
From Maturity Date Not Applicable
up
to
Extended
Maturity Date:
(iii)
Fixed Coupon Amount(s):

(a)
To Maturity Date:
EUR 1,542 per Calculation Amount
(b)
From Maturity Date Not Applicable
up
to
Extended
Maturity Date:
(iv)
Broken Amount(s):

(a)
To Maturity Date:
Not Applicable
(b)
From Maturity Date Not Applicable
up
to
Extended
Maturity Date:
(v)
Day Count Fraction:

(a)
To Maturity Date:
Actual/Actual (ICMA)
(b)
From Maturity Date Not Applicable
up
to
Extended
Maturity Date:
(vi)
Determination Date(s):

(a)
To Maturity Date:
2 November in each year
(b)
From Maturity Date Not Applicable
up
to
Extended
Maturity Date:

14
Floating Rate Covered Bond Provisions

(I)
To Maturity Date:
Not Applicable
(II)
From Maturity Date up to Extended Applicable
Maturity Date:

(i)
Specified Period(s)/Specified

Interest Payment Dates:
(a)
To Maturity Date:
Not Applicable
(b)
From Maturity Date
2nd of each month, subject to adjustment in
up to Extended
accordance
with the
Business Day
Maturity Date:
Convention set out in (ii) below
(ii)
Business Day Convention:

(a)
To Maturity Date:
Not Applicable

(b)
From Maturity Date Modified
Following
Business
Day
up
to
Extended Convention
Maturity Date:
(iii)
Additional
Business
Centre(s):
(a)
To Maturity Date:
Not Applicable
(b)
From Maturity Date
Not Applicable
up to Extended
Maturity Date:
(iv)
Manner in which the Rate of

Interest and Interest Amount
is to be determined:
(a)
To Maturity Date:
Not Applicable
(b)
From Maturity Date
Screen Rate Determination
up to Extended
Maturity Date:
(v)
Party responsible for

calculating the Rate of
Interest and Interest Amount
(if not the Fiscal Agent):
(a)
To Maturity Date:
Not Applicable
(b)
From Maturity Date
Not Applicable
up to Extended
Maturity Date:
(vi)
Screen Rate Determination:

(a)
To Maturity Date:

-
Reference
Not Applicable
Rate:
-
Interest
Not Applicable
Determinatio

n Date(s):
-
Relevant
Not Applicable
Screen

Page:
(b)
From Maturity Date

up to Extended
Maturity Date:
1 month EURIBOR
-
Reference
Rate:

-
Interest
The second day on which the TARGET2
Determinatio
System is open prior to the start of each
n Date(s):
Interest Period

-
Relevant
Reuters Screen EURIBOR 01 (or any
Screen
successor page)
Page:

(vii)
ISDA Determination

(a)
To Maturity Date:

-
Floating
Not Applicable
Rate Option:
-
Designated
Not Applicable
Maturity:
-
Reset Date:
Not Applicable

(b)
From Maturity Date
Not Applicable
up to Extended
Maturity Date:
-
Floating
Not Applicable
Rate Option:
-
Designated
Not Applicable
Maturity:
-
Reset Date:
Not Applicable

(viii)
Linear Interpolation:

(a)
To Maturity Date:
Not Applicable
(b)
From Maturity Date Not Applicable
up
to
Extended
Maturity Date:
(ix)
Margin(s):

(a)
To Maturity Date:
Not Applicable
(b)
From Maturity Date +0.12 per cent. per annum
up
to
Extended
Maturity Date:
(x)
Minimum Rate of Interest:

(a)
To Maturity Date:
Not Applicable
(b)
From Maturity Date Not Applicable
up
to
Extended
Maturity Date:
(xi)
Maximum Rate of Interest:

(a)
To Maturity Date:
Not Applicable

(b)
From Maturity Date
Not Applicable
up to Extended
Maturity Date:
(xii)
Day Count Fraction:

(a)
To Maturity Date:
Not Applicable
(b)
From Maturity Date
Actual/360
up to Extended

Maturity Date:

15
Zero Coupon Covered Bond Provisions
Not Applicable
(i)
Accrual Yield:
Not Applicable
(ii)
Reference Price:
Not Applicable
(iii)
Day Count Fraction in relation to
Not Applicable
Early Redemption Amounts and late

payment:
PROVISIONS RELATING TO REDEMPTION

16
Issuer Call
Not Applicable
(i)
Optional Redemption Date(s):
Not Applicable
(ii)
Optional Redemption Amount(s):
Not Applicable
(iii)
If redeemable in part:

Minimum Redemption Amount:
Not Applicable
Higher Redemption Amount:
Not Applicable
(iv)
Notice period (if other than as set out
Not Applicable
in the Conditions):
17
Investor Put
Not Applicable
(i)
Optional Redemption Date(s):
Not Applicable
(ii)
Optional Redemption Amount(s):
Not Applicable

(iii)
Notice period (if other than as set out
Not Applicable
in the Conditions):
18
Final Redemption Amount of each Covered
EUR 100,000 per Calculation Amount
Bond:
19
Early Redemption Amount(s) per Calculation
EUR 100,000 per Calculation Amount
Amount payable on redemption for taxation
reasons or on event of default:
GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS
20
Form of Covered Bonds:

(i)
Form:
Bearer Covered Bonds:

Temporary Bearer Global Covered Bond
exchangeable for a Permanent Bearer
Global
Covered
Bond
which
is
exchangeable
for
Definitive
Bearer

PART B OTHER INFORMATION

1
LISTING AND ADMISSION TO TRADING
(i)
Listing and admission to trading:
The Official List of the Irish Stock Exchange

Application has been made to the Irish
Stock Exchange plc for the Series to be
admitted to the official list ("Official List")
and trading on its regulated market (the
"Main Securities Market") with effect from
2 November 2017.

(ii)
Estimate of total expenses related to
EUR 600
admission to trading:
2
RATINGS:
The Covered Bonds to be issued are
expected to be rated Aaa by Standard &
Poor's Credit Market Services.

Standard & Poor's Credit Market Services is
established in the European Union and is
registered under Regulation (EC) No.
1060/2009 (as amended) (the "CRA
Regulation") and is on the list of registered
credit rating agencies published on ESMA
website:
http://www.esma.europa.eu/page/List-
registered-and-certified-CRAs.
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE:
Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in
the issue of the Covered Bonds has an interest material to the offer. The Dealer and its
affiliates have engaged, and may in the future engage, in investment banking and/or
commercial banking transactions with, and may perform other services for the Issuer and its
affiliates in the ordinary course of business.
4
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES:
(i)
Reasons for the offer:
The net proceeds from each issue of
Covered Bonds will be applied by the Issuer
for its general corporate purposes
(ii)
Estimated net proceeds:
EUR 20,000,000
5
YIELD: (Fixed Rate Covered Bonds only) 1.542 per cent. per annum
Indication of yield:
6
HISTORIC INTEREST RATES: (Floating Rate Covered Bonds only)
Not Applicable
7
OPERATIONAL INFORMATION:

(i)
ISIN:
XS1702822567
(ii)
Common Code:
170282256

(iii)
Any clearing system(s) other than
Not Applicable
Euroclear, Clearstream Luxembourg
(together with the address of each
such clearing system) and the
relevant identification number(s):
(iv)
Delivery:
Delivery against payment
(v)
Names and addresses of additional
Not Applicable
Paying Agent(s) (if any):
(vi)
Intended to be held in a manner
Yes. Note that the designation "yes" simply
which would allow Eurosystem
means that the Covered Bonds are
eligibility:
intended upon issue to be deposited with
one of the ICSDs as common safekeeper
and does not necessarily mean that the
Covered Bonds will be recognised as
eligible collateral for Eurosystem monetary
policy and intra-day credit operations by the
Eurosystem either upon issue or at any or
all times during their life. Such recognition
will depend upon the ECB being satisfied
that Eurosystem eligibility criteria have
been met.
8
DISTRIBUTION

(i)
Method of distribution:
Non-syndicated
(ii)
If syndicated, names of Managers:
Not Applicable
(iii)
Date of Subscription Agreement:
Not Applicable

(iv)
If non-syndicated, name of relevant HSBC France
Dealer:
(v)
U.S. Selling restrictions:
TEFRA D
(vi)
Prohibition of Sales to EEA Retail Not Applicable
Investors: