Market
Nov 28th, 2013
Nykredit Bank sold a Eu500m two-and-a-half year floating rate senior unsecured issue yesterday (Wednesday) to refinance a bond of the same size maturing in January, according to an official at the issuer, with recent FRN deals also encouraging the move.
Posted in Market
Tags: Denmark, FRN, Nykredit Bank
Nov 21st, 2013
Nykredit Realkredit priced its second euro senior secured deal of the year on Tuesday, a Eu500m long five year that an official at the issuer said went well, drawing more than Eu800m of demand and performing after pricing.
Posted in Market
Tags: Denmark, Junior Covered Bonds, Nykredit, Nykredit Realkredit, Section 15, Section 33e, senior secured
Nov 14th, 2013
Demand for a Eu1bn long six year SpareBank 1 covered bond fell short of expectations on Tuesday, and an official at the issuer said the outcome was surprising, with the choice of maturity and amount of recent Nordic supply perhaps explaining the subdued reception.
Posted in Market
Tags: Norway, SpareBank 1, SpareBank 1 Boligkreditt, Svenska Handelsbanken
Oct 31st, 2013
Nykredit Realkredit is planning a roadshow for a senior secured issue that will be its first euro benchmark where the proceeds are being used for covered bond overcollateralisation purposes rather than, as previously, for reasons of CRD compliance.
Posted in Denmark, Market
Tags: Danish, Denmark, Junior Covered Bond, Nykredit, senior secured
Oct 10th, 2013
Denmark’s Sydbank sold an inaugural fixed rate euro senior unsecured benchmark on Thursday, a Eu500m issue with a three year maturity that a lead banker noted was relatively rare in Nordic supply, while an official at the issuer said the deal was launched to refinance a February 2014 redemption.
Posted in Market
Tags: Denmark, Sydbank
Oct 3rd, 2013
Danske Bank achieved a participation rate of over 90% on a tender offer it launched on 18 September for a $1bn (Eu748m, Dkr5.58bn) 7.125% 25 year non-call five Tier 2 instrument, it announced yesterday (Wednesday).
Posted in Market
Tags: Danske, Danske Bank, Denmark, Tier 2
Sep 26th, 2013
Skandiabanken has joined the ranks of Swedish covered bond issuers, having last week inaugurated a new covered bond programme with a Skr3.3bn (Eu381m) dual tranche FRN issue backed by a cover pool of Swedish residential mortgages.
Posted in Market, Sweden
Tags: Norway, Skandiabanken, Sweden
Sep 13th, 2013
Sweden’s Skandiabanken plans to issue its first covered bond at the end of the month after having turned to the asset class as part of its plans to use the capital markets to diversify its funding sources and support the banks’ growth ambitions, an official told The Covered Bond Report.
Posted in Market, Sweden
Tags: covered bonds, Moody's, Norwegian, Skandiabanken, Swedish
Sep 5th, 2013
Sweden’s SBAB launched a Eu750m seven year senior unsecured transaction last Thursday (29 August) and an official at the issuer said it contributes to the bank’s goal of extending its maturity profile and was timed to take advantage of strong market momentum.
Posted in Market, Sweden
Tags: SBAB, SCBC, senior unsecured, Sweden, Swedish
Aug 29th, 2013
SBAB took advantage of an improvement in sentiment today (Thursday) to launch a Eu750m euro senior unsecured transaction after the prospect of imminent military action in Syria, which had hit market tone yesterday, receded.
Posted in Market
Tags: Handelsbanken, SBAB