Strong economy

The high quality of Norwegian covered bonds is supported by the Kingdom of Norway’s very strong macroeconomic position.

• Large revenues from production of crude oil and gas
• One of Europe’s lowest unemployment rates (below 4 per cent)

Covered Bond legislation

The Norwegian covered bond legislation is a modern and up to date legislation that provides investors strong protection from the cover pool.

• Only specialised credit institutions can raise loans by issuing covered bonds
• Supervised by The Financial Supervisory Authority of Norway
• Norwegian covered bonds are compliant with the Capital Requirement Directive and are eligible as collateral in ECB

Covered Bonds outstanding

• More than 20 issuers of covered bonds in the Norwegian market
• The largest issuers present in the international capital markets 
• Around EUR 95 bn. Norwegian covered bonds outstanding by the end of 2011