Danske sells $1bn senior, Sparebanken Sør euro covered debut due

Mar 11th, 2016
Danske EntranceAPP

Danske Bank sold a twice-subscribed $1bn five year senior unsecured bond on Monday, with a lead noting it priced close to a recent issue from Swedbank, which is more established in the US market. Sparebanken Sør is expected next week with an inaugural euro benchmark covered bond.

Danske Eu1bn five year covered ‘kick-starts’ pool rejig

Mar 4th, 2016

Danske Bank sold a Eu1bn five year covered bond on Tuesday that a lead manager said kick-starts more frequent issuance out of the Danish bank’s C pool after changes to the way in which the issuer funds its international mortgage lending with covered bonds.

Nordics ride senior wave, smaller names provide highlights

Feb 19th, 2016
Santander signage

Nordic banks and insurers sold Eu4.5bn of senior debt this week in a resurgent market, led by Nordea but with rarer issues for Santander Consumer Bank Nordic and Sampo deemed highlights, while Stadshypotek sold a Eu1.25bn seven year covered bond.

Pohjola opens euro senior for Nordics at limited NIP

Jan 15th, 2016
Photo: Lauri Silvennoinen/Wikimedia Commons

Pohjola Bank executed the first Nordic senior unsecured euro benchmark of 2016 on Wednesday, a €500m long five year deal that the Finnish issuer’s head of group funding said was sold with a relatively limited new issue premium.

DNB returns in resilient start for covered, but SR struggles

Jan 8th, 2016
DNB image

A DNB €1.5bn five year covered bond attracted over €2bn of demand yesterday (Thursday) as eight euro benchmarks totalling €8.5bn hit the market this week, with the asset class proving resilient amid tough conditions, although a SR-Boligkreditt deal was seen as a struggle.

Sun setting on 2015 issuance after Handelsbanken highlight

Dec 11th, 2015

Svenska Handelsbanken sold its first euro senior unsecured benchmark in over two years on Monday, attracting over Eu2.4bn of orders for a Eu1.25bn seven year, but in spite of this and some other successful supply in the FIG markets, bankers said issuers could now be done for the year.

Insurer Topdanmark ups Tier 2 to Dkr1.35bn

Dec 4th, 2015

Topdanmark Forsikring sold a Dkr1.35bn (Eu181m) two-tranche unrated Tier 2 issue on Wednesday, increasing the planned size of the transaction from Dkr750m on the back of healthy demand, according to the issuer and lead manager Danske Bank.

Swedbank finds window for Eu750m senior pre-funding

Nov 27th, 2015
Swedbank image

Swedbank used a clear window to sell a tightly priced Eu750m long five year senior unsecured bond yesterday (Thursday), with conditions proving resilient over the week and investors receptive to issuance from across the capital structure.

OP leads way as Nordics show covered bond mart’s strength

Nov 20th, 2015
Photo: Lauri Silvennoinen/Wikimedia Commons

OP Mortgage Bank set the tone for a strong week in the covered bond market with a Eu1.25bn five year issue on Monday that attracted orders approaching Eu1.8bn at a limited new issue premium, with Stadshypotek and Danske Bank Finland following successfully in its wake.

SEB finds sterling ‘entry point’ via £250m, while euros mixed

Nov 13th, 2015

Skandinaviska Enskilda Banken (SEB) sold an inaugural sterling covered bond yesterday (Thursday), a £250m (Eu353m, Skr3.29bn) three year FRN, and the issuer’s head of treasury management said that it would now look to return to the UK market each year.