Helgeland Boligkreditt AS is a wholly owned subsidiary of SpareBank 1 Helgeland and provides secured wholesale funding for the group through the issuance of covered bonds. The company received its licence as a financial institution in 2009. Its cover pool consists primarily of residential mortgage loans originated by SpareBank 1 Helgeland, providing bondholders with preferential claims over designated assets. The company is based in Mo i Rana.