Countries
Jun 12th, 2015
Pohjola Bank mandated leads for a euro-denominated Tier 2 benchmark on Monday, but despite a smattering of Additional Tier 1 (AT1) and Tier 2 supply this week a deal for the Finnish issuer did not emerge against the volatile market backdrop.
Posted in Finland
Tags: Finland, Finnish, Pohjola, Pohjola Bank, Tier 2
Jun 12th, 2015
SEB took advantage of a window of stability early this week to issue a Eu1bn (Skr9.36bn) seven year covered bond on Tuesday, but both it and SCBC, which launched a Eu500m seven year into a deteriorating market on Thursday, had to revise their pricing expectations.
Posted in Sweden
Tags: SBAB, SCBC, SEB, Sweden, Swedish
Jun 5th, 2015
Kommunal Landspensjonskasse (KLP) sold a Eu600m 30 year non-call 10 Tier 2 transaction on Tuesday that, according to an official at the issuer, is its first bond issue in nine years and the largest ever from a Norwegian life insurance company in the international markets.
Posted in Norway
Tags: insurance, KLP, Norway, Tier 2
Jun 5th, 2015
Länsförsäkringar Bank (LF Bank) sold its inaugural Additional Tier 1 issue on Tuesday, a Skr1.2bn (Eu128m) perpetual non-call five issue that achieved tight pricing relative to international markets and also LF’s Swedish peers in the domestic market. Meanwhile, SBAB issued a Skr1bn 10 year non-call five Tier 2.
Posted in Sweden
Tags: AT1, LF Bank, SBAB, Sweden, Tier 2
May 29th, 2015
SBAB launched its first benchmark euro senior unsecured floating rate note since January 2012 on Wednesday, a Eu750m (Skr6.94bn) three year issue that the issuer’s head of investor relations said is likely to be followed by a euro benchmark covered bond by the end of the third quarter.
Posted in Sweden
Tags: FRN, SBAB, Sweden
May 29th, 2015
Danske Bank and SBAB took advantage of last week’s reopening of the euro FIG market to issue Eu750m senior unsecured fixed and floating rate benchmarks, respectively, this week, as the better tone was maintained in spite of ongoing concerns about Greece.
Posted in Denmark
Tags: Danske, SBAB
May 22nd, 2015
Finland’s Ålandsbanken launched its largest ever covered bond on Tuesday, a Eu250m no-grow five year issue that the issuer’s head of group treasury said represented successful pricing and diversification, even if it had to pay up for the sub-benchmark size.
Posted in Finland
Tags: Alandsbanken, covered bonds, Finland
May 22nd, 2015
Realkredit Danmark (RD) sold a Dkr42.4bn (Eu5.68bn) 18 month floating rate note – the largest ever FRN in the Danish covered bond market – in auctions from Monday to yesterday (Thursday), with the size reflecting changes in the type of mortgage being taken out and the maturity a debate over negative coupons in Denmark.
Posted in Denmark
Tags: covered bonds, Denmark, FRN, Nykredit Realkredit, Realkredit Danmark
May 22nd, 2015
DNB Boligkreditt attracted strong US interest with a $1.25bn (Eu1.12bn, Nkr9.44bn) five year benchmark covered bond on Wednesday, and yesterday (Thursday) achieved tight pricing with a Skr4bn (Nkr3.61bn, Eu430m) subordinated issue that a banker said he believes to be the largest ever Tier 2 in the krona market.
Posted in Norway
Tags: DNB, DNB Boligkreditt, dollars, Norway, US
May 22nd, 2015
Swedbank reopened the euro FIG market yesterday (Thursday) with a Eu750m seven year senior unsecured fixed rate issue that attracted Eu1.9bn of demand and was priced at the tight end of guidance, and bankers said other issuers would be encouraged to come to market.
Posted in Sweden
Tags: euro, senior unsecured, Swedbank, Swedish