We are proud to welcome Skandiabanken as a new member of ASCB. Skandiabanken got their permit to issue covered bonds in May this year and after they received their ratings from Moody’s (Aaa) in September they have now done their two first issues, one backed by their pool consisting of only Swedish assets and one backed by the pool of only Norwegian assets. Both pools relay to the same Swedish covered bonds programme. After the initial transactions, Skandiabanken will issue on a regular base with tap issues in both currencies