CRR-compliant covered bonds rated at least A- should count toward liquidity buffers with the Covered Bond Label playing a role as a quality criterion under a new approach the European Covered Bond Council (ECBC) has suggested to the EC ahead of its final decision on LCRs.

Svenska Handelsbanken priced an inaugural Kangaroo senior unsecured benchmark on Tuesday, a A$650m (Eu438m, Skr3.93bn) dual tranche issue that was part of a mini-wave of Australian-targeted European issuance benefitting from local majors being in blackout, according to a syndicate banker.

SpareBank 1 SR Bank sold a Eu750m seven year senior unsecured issue yesterday (Thursday), the Norwegian bank’s largest euro benchmark and a deal that adds a new longest dated point to its curve.