文章基本信息

标题：Norwegian covered bonds – a rapidly growing market
本地全文：下载
作者：Bjørn Bakke ; Ketil Rakkestad ; Geir Arne Dahl 等
期刊名称：Economic Bulletin / Norges Bank
印刷版ISSN：0029-1676
电子版ISSN：1503-8831
出版年度：2010
出版社：Norges Bank
摘要：Covered bonds (OMFs) were introduced in Norway in June 2007 and have already become an important source of funding for Norwegian financial services groups and banking alliances. The volume outstanding in NOK and foreign currency was equivalent to around NOK 500 billion at end-2010 Q2. So far, most OMFs have either been used in the government swap arrangement and exchanged for Treasury bills, or issued abroad and purchased by foreign investors. The combination of low risk and higher returns than on government bonds will probably lead to greater interest among Norwegian investors too in the coming years. This article presents the key features of OMFs and the market for them in Norway and abroad. It also highlights a number of risk factors and discusses whether OMFs could affect the stability of the financial system