Perfectly balanced

Denmark

Danish mortgage lenders are quick to point to history to illustrate that their way of doing things has withstood the test of time. Since the first covered bond was issued in 1797 in Denmark, the industry has provided an investment asset that is on a par in terms of safety with a government bond, has been popular with a robust local investor base and has been a source of low-cost funding for the sector. More recently, Danish mortgages have escaped virtually unscathed from the world credit markets

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