Sweden

SEB issues $1.5bn senior, real money interest strong

Mar 20th, 2014
SEB

SEB priced a $1.5bn (Eu1.09, Skr9.63bn) five year senior unsecured issue on Tuesday, with an official at the issuer noting a very strong response in terms of the volume and quality of demand.



Bankföreningen tightens amortisation guides

Mar 20th, 2014
Riksbank image

The Swedish Bankers’ Association is lowering guidance on the LTV threshold above which new mortgages need to be amortised from 75% to 70%, while Riksbank governor Stefan Ingves said there is a case for increasing the mortgage risk weight floor to 25%.



RD extends Sweden-targeted covered curve in strong Skr6.2bn

Mar 20th, 2014
Realkredit Danmark image

Realkredit Danmark met with strong demand for its first syndicated sale of a Swedish krona covered bond on Tuesday, a Skr6.2bn (Eu703m, Dkr5.25bn) dual tranche issue that lent more duration to Sweden-targeted Danish issuance, with October 2016 and October 2017 tranches offered.



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.



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.



Swedbank takes Tier 2 record, pre-empts Swedish finish

Feb 20th, 2014
Swedbank

Swedbank priced the second Nordic bank capital trade of the year on Monday, a Eu750m 10 year non-call five Tier 2 transaction that an official at the issuer said was launched in anticipation of final capital requirements from the Swedish FSA.



Nordea in FIG reopener, SEB joins in seven year sweet spot

Feb 13th, 2014
Nordea

Sweden’s Nordea was one of three issuers that reopened the FIG bond market after a week-and-a-half without supply on Monday, pricing a Eu1.25bn seven year senior unsecured deal. SEB followed suit on Wednesday with a Eu1bn deal, also in the “sweet spot” seven year maturity.



‘Humble’ Swedbank opens ‘lukewarm’ Nordic reporting

Jan 30th, 2014
WEB_INRIKES

Swedbank and Nordea kicked off the Nordic fourth quarter reporting season this week, with a miss on net profit leading to profits coming in short of consensus expectations.



Moody’s in negative SBAB review as CEO departs

Jan 16th, 2014
SBABinstagram

Moody’s placed the A2 rating of SBAB Bank on review for downgrade on Tuesday, a day after the bank announced the departure of its CEO, with the rating agency citing profitability and the fate of new product offerings among challenges facing the bank.



Handelsbanken opens bank capital with post-Lehman Tier 2 tight

Jan 9th, 2014
Handelsbanken image

Svenska Handelsbanken printed the first bank capital issue of 2014 on Tuesday, a Eu1.5bn (Skr16bn) 10 year non-call five subordinated bond that was swamped with demand to pave the way for the tightest pricing of a Tier 2 issue since the collapse of Lehman Brothers, according to a lead syndicate banker.