Rating of Spar Nord bonds – Nykredit Bank A/S
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Rating of Spar Nord bonds following the merger between Spar Nord Bank A/S and Nykredit Bank A/S
On 1 April 2026, the legal merger between Spar Nord Bank A/S and Nykredit Bank A/S has taken place, with Nykredit Bank A/S as the continuing legal entity.
As part of the legal merger, Spar Nord Bank A/S’ senior debt and capital issuances has become liabilities of Nykredit Bank A/S.
Following the legal merger, the below senior debt issuances from Spar Nord Bank A/S has received a rating from S&P Global Ratings (“S&P”) as well as Fitch Ratings (“Fitch”).
| Bond type | ISIN | Rating: S&P / Fitch |
| Senior non-preferred / junior senior unsecured | NO0012694308 | BBB+ / A+ |
| NO0012694316 | BBB+ / A+ | |
| NO0011002537 | BBB+ / A+ | |
| DK0030537253 | BBB+ / A+ | |
| DK0030540638 | BBB+ / A+ | |
| Senior preferred / senior unsecured | DK0030528187 | A+ / AA- |
Moody’s Ratings will continue to rate outstanding junior senior unsecured and senior unsecured bonds from Spar Nord Bank A/S after the merger with Nykredit Bank A/S.
Questions regarding the rating of Spar Nord Bank A/S’ bonds may be addressed to Nykredit Realkredit A/S, Group Treasury, Peter Zangenberg Hyllested, tel +45 44 55 20 25.
Other questions may be addressed to Corporate Communications, tel +45 31 21 06 39.
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