Archive for May 2015
May 15th, 2015
The Swedish FSA (Finansinspektionen) has published a methodology for assessing three types of risk under Pillar 2 – credit-related concentration risk, interest rate risk in the banking book, and pension risk – that will be used in capital requirements from the third quarter.
Posted in Sweden
Tags: capital requirements, FI, Finansinspektionen, FSA, Moody's, Pillar 2, Sweden, Swedish
May 15th, 2015
Pohjola Bank achieved investor diversification through a debut syndicated sterling deal on Tuesday, a £700m (Eu976m) dual-tranche issue that benefited from positive sentiment that followed a decisive UK election result while volatility hit the euro market.
Posted in Finland
Tags: Finland, Finnish, OP Mortgage Bank, OP-Pohjola, Pohjola Bank, senior unsecured, sterling
May 15th, 2015
SpareBank 1 SR-Bank is planning a debut, domestic covered bond through new 100% subsidiary SR-Boligkreditt later this month or early June ahead of potential international issuance, as it shifts away from SpareBank 1 Boligkreditt (SpaBol) to optimise funding and for regulatory reasons.
Posted in Norway
Tags: covered bonds, Norway, Norwegian, SpareBank 1 SR Bank, SpareBanken 1 Boligkreditt
May 8th, 2015
The euro covered bond market will need a couple of days of stability in the broader markets before new issues are considered, according to syndicate bankers, while a leading investor said the back-up in Bund yields this week is the worst he has seen and could mark a turning point rather than a mere correction.
Posted in Market
May 8th, 2015
Swedbank Hypotek dispensed with the 144A format it previously used for dollar-denominated issuance when it launched a $1bn (Eu883m, Skr8.23bn) five year Reg S issue on Wednesday, with flexibility cited as a reason for the move.
Posted in Sweden
Tags: 144A, covered bond, Reg S, Swedbank Hypotek, Swedbank Mortgage, US dollars
May 1st, 2015
Nykredit and other Danish covered bond issuers are introducing a new, simplified model to handle redemptions of callable bonds with annuity cashflows, writes Jørn Strunge, senior business analyst, Nykredit.
Posted in Denmark
May 1st, 2015
A clear majority of delegates at a Fitch Rating Viking Tour 2015 expect the European Central Bank’s quantitative easing programme to be the driver of European credit market performance this year, the rating agency found.
Posted in Ratings
Tags: ECB, Fitch, QE, survey
May 1st, 2015
Nordea and Svenska Handelsbanken first quarter results announced on Wednesday echoed those with which SEB kicked off the Nordic bank reporting season the previous Thursday, showing strong net financial items, although Nordea fell behind its peers on net interest income (NII) that for SEB and Handelsbanken proved resilient.
Posted in Industry Moves
Tags: Danske Bank, DNB, Nordea, results, Svenska Handelsbanken
May 1st, 2015
The Central Bank of Savings Banks Finland (Sp Central Bank) on Tuesday sold an inaugural Eu500m five year senior unsecured bond, reopening wholesale funding for the Savings Banks Group and achieving the issuer’s target of building a large, highly granular order book.
Posted in Finland
Tags: Finland, Finnish, Säästöpankki, Sp Central Bank