From Crédit Agricole CIB

Q1 Nordic FIG issuance review: safe haven status allows Nordics to cherry-pick

Apr 4th, 2013

FIG supply fell sharply in February and March after January’s deluge of new issues. Euro benchmark volumes in February and March amounted to just Eu10.3bn and Eu18.1bn, respectively, while supply in January alone had reached Eu55.2bn.

Nordic curves to reprice?

Mar 22nd, 2013

The euro primary market has over the last two weeks been subdued, with only five public benchmarks being priced in covered bonds as well as the senior unsecured space. We note a number of reasons for this relative drought in what is usually a busy quarter for the debt capital markets.

Asset encumbrance: discussions gaining momentum?

Mar 14th, 2013

Asset encumbrance is one of those topics that everyone talks about but where discussions hardly ever go beyond very shallow, general statements.

Covered bonds in LCR category 1?

Mar 7th, 2013

One of the most pressing issues regarding banking regulation and covered bonds has been the treatment of covered bonds for the Liquidity Coverage Ratio.

Italian election fall-out: is market disarray good for Nordic issuers?

Feb 28th, 2013

Risk aversion is back and, following a very strong performance overall since last July, banks have been the hardest hit, especially in Italy and the periphery.

Netherlands joins Handelsbanken ‘home markets’, plus Danske, DNB results

Feb 7th, 2013

Handelsbanken reported a pre-tax profit of SEK4.1bn (Q4 2011: SEK4.1bn), which was 4% below consensus expectations, driven by higher one-off costs in a modest housekeeping drive similar to SEB’s announcement two weeks ago.

Nordic banks Q4 and full year results

Jan 31st, 2013

Mats Anderson, Cheuvreux bank equity analyst, gives his take on a first round of fourth quarter and full year 2012 Nordic bank results, and says that Swedbank has fired the starting shot for a Nordic bank capital distribution “bonanza”.

Norwegian plans could bolster covered quality, but spring supply surprise

Jan 10th, 2013

Florian Eichert, senior covered bond analyst, Crédit Agricole CIB, explores how Norwegian regulatory initiatives could affect Norwegian covered bonds and affect supply dynamics in 2013. 

Season’s greetings & best wishes for 2013!

Dec 14th, 2012

As the year draws to a close, we at The Covered Bond Report and Crédit Agricole CIB would like to take the opportunity to thank you, our readers, for your interest in Nordic Financial Institutions & Covered Bonds.

Nordic supply dynamics to change in 2013

Dec 7th, 2012

The past year has offered both issuers and investors quite a few surprises, writes Robin Bagger-Sjöbäck, Nordic FIG DCM Origination, Crédit Agricole CIB.