Covered bonds
SEB issues covered bonds as part of its wholesale funding through the parent company Skandinaviska Enskilda Banken AB (publ), and which are secured by Swedish residential mortgages.
Information about the cover pool is found below.
| Cover pool | Q4 2022 | Q4 2021 | Q4 2020 | |
| Total residential mortgage assets (SEK m) | 706,984 | 688,559 | 652,644 | |
| Weighted average LTV (property level) | 50% | 47% | 52% | |
| Number of loans (thousand) | 757 | 766 | 749 | |
| Number of borrowers (thousand) | 428 | 437 | 432 | |
| Weighted average loan balance (SEK thousand) | 934 | 899 | 872 | |
| Substitute assets (SEK thousand) | 0 | 0 | 0 | |
| Loans past due 60 days (basis points) | 6 | 4 | 4 | |
| Net credit losses (basis points) | 0 | 0 | 0 | |
| Covered bonds | Q4 2022 | Q4 2021 | Q4 2020 | |
| Total outstanding covered bonds (SEK m) | 296,785 | 295,339 | 359,698 | |
| Rating of the covered bond programme | Aaa Moody's | Aaa Moody's | Aaa Moody's | |
| FX distribution | SEK | 79% | 83% | 78% |
| non-SEK | 21% | 17% | 22% | |
| Over collateralization level | 138% | 133% | 81% | |
ECBC Covered Bond Label
SEB is a member of the ECBC Covered Bond Label Initiative. The labelled covered bonds issued by SEB can be found here.