Underperforming assets complicate SBAB privatization
AFP · 19 Sep 2007, 11:12
Published: 19 Sep 2007 11:12 GMT+02:00
The company's portfolio contains European and Australian bonds as well as Residential Mortgage Backed Securities, albeit with positive credit ratings, of undetermined value.
SBAB spokesperson Eva Cederbalk told Dagens Industri that the market value of its portfolio may recently have fallen, but added that no valuation will be announced until the company posts its third quarter results in October.
The company currently has no need to sell the assets, and can still take loans with the portfolio as security, she added.