Skandiabanken issued its first covered bonds backed by a cover pool of Norwegian residential mortgages on 26 September, pricing three and five year floating rate notes to raise Nkr3bn (Eu368m, Skr3.19bn).

Denmark’s Sydbank sold an inaugural fixed rate euro senior unsecured benchmark on Thursday, a Eu500m issue with a three year maturity that a lead banker noted was relatively rare in Nordic supply, while an official at the issuer said the deal was launched to refinance a February 2014 redemption.

The Danish government announced a new package of bank regulations today (Thursday), including details on the capital requirements for systemically important financial institutions (SIFIs).

The European Banking Authority on Monday released technical standards that ensure banks can no longer imprudently generate capital by writing down liabilities due to changes in their own credit risk, but the regulator did so in a way that safeguards legitimate Danish practices.

Danske Bank achieved a participation rate of over 90% on a tender offer it launched on 18 September for a $1bn (Eu748m, Dkr5.58bn) 7.125% 25 year non-call five Tier 2 instrument, it announced yesterday (Wednesday).

Aktia Bank priced its first public fixed rate senior unsecured transaction yesterday (Wednesday), a Eu300m four year deal that was well received despite Italian and US politics having cast a shadow over markets this week.