Nordea Kredit and Nykredit Realkredit wrapped up adjustable rate mortgage (ARM) bond auctions today (Thursday) and BRFkredit is set to finish its sales tomorrow, with an official at BRFkredit saying that “no hiccups whatsoever” have affected the autumn auctions so far.

Svenska Handelsbanken yesterday (Wednesday) priced the largest fixed rate senior unsecured deal in Swiss francs from an international FIG borrower since March 2011, a Sfr400m (Skr2.83bn, Eu325m) five year issue.

SBAB took advantage of an improvement in sentiment today (Thursday) to launch a Eu750m euro senior unsecured transaction after the prospect of imminent military action in Syria, which had hit market tone yesterday, receded.

The ECBC has this week released 2012 covered bond market statistics. The numbers are the most comprehensive set of covered bond figures available as they include both public and private placements and retained bonds, and Florian Eichert, Crédit Agricole CIB senior covered bond analyst, looks at what they tells us about Nordic markets.

There was a break in Nykredit Realkredit ARM bond auctions today (Thursday) as the issuer held standalone auctions of floating rate notes, with the ARM bond auctions said to be unfolding consistently since the first fixed rate bullet bonds were offered last week.

Nordea Bank Finland reopened the euro benchmark covered bond market with the first such trade since the end of July on Tuesday, issuing a Eu1.5bn five year transaction, while Sparebanken Vest has announced a euro roadshow mandate.

Svenska Handelsbanken re-opened the FIG flow primary market after a summer lull with a strong Eu1.25bn seven year senior unsecured transaction on Monday, paving the way for a flurry of issuance from its Nordic peers.

Updating its collateral framework is something the ECB does on a regular basis. The central bank adjusts the parameters to reflect current market conditions and sometimes also to achieve a certain policy objective.

Jyske Bank has decided to drop Moody’s and continue with one rating, from Standard & Poor’s, the Danish bank announced yesterday (Wednesday), and an official at the bank said that Moody’s methodology and negative view on Denmark influenced its decision to stop working with the rating agency.

A Swedish National Debt Office (Riksgälden) proposal on how to implement the EU bank recovery and resolution framework in Sweden is credit negative for senior unsecured debt of the country’s banks, particularly of the four largest, Moody’s said today (Thursday).