Archive for March 2014

Swedbank sets unsecured tight

Mar 13th, 2014
Swedbank

Swedbank on Monday priced a Eu750m (Skr6.64bn) five year senior unsecured transaction in its third visit to the benchmark debt capital markets this year, and, at 52bp over, the deal was the tightest five year senior unsecured euro benchmark to date in 2014.



OP eyes H2 return after ending absence with Eu1bn seven year

Mar 13th, 2014
Photo: Lauri Silvennoinen/Wikimedia Commons

OP Mortgage Bank sold its first euro benchmark in almost two years on Monday, a Eu1bn seven year issue, but an OP-Pohjola official said that the market would not have to wait so long until its next deal.



LF Hypotek brings back Swedes as euros offer savings

Mar 13th, 2014
LF5200

LF Hypotek priced the first Swedish euro benchmark covered bond of the year on Tuesday, a Eu500m no-grow seven year that was one of three deals in the market on the same day in what was a busy week for euro covered bonds.



Norwegians most bearish in Nordic CFO survey

Mar 6th, 2014
Moodys logo

Norwegian chief financial officers proved more bearish than their peers in their responses to a variety of questions posed by Moody’s in a survey of 39 Nordic CFOs, with an increase in banking regulation highlighted as a key factor potentially constraining their institutions.



Spreads softer towards end of Danish ARMs season

Mar 6th, 2014
Nordea

Denmark’s mortgage credit institutions are nearing the end of the latest ARMs refinancing season, with a covered bond analyst suggesting that the sales did not quite go as expected.



Eika helped by supply shortage, Eu500m size allows regularity

Mar 6th, 2014
Bilde Anders Mathisen

Norway’s Eika Boligkreditt met with strong demand for its first euro benchmark covered bond since early 2013 yesterday (Wednesday) and benefitted from the prevailing negative net supply, according to an official at the issuer, which returned to a Eu500m deal size after two Eu1bn transactions.



Danske Eu750m AT1 opens Nordics with a bang

Mar 6th, 2014
Danske

Danske Bank opened the market for contingent capital for Nordic banks with a bang yesterday (Wednesday), drawing some Eu13bn of demand for its much anticipated AT1 transaction and achieving the lowest coupon to date for the new type of hybrid bank capital.