Swedbank Hypotek dispensed with the 144A format it previously used for dollar-denominated issuance when it launched a $1bn (Eu883m, Skr8.23bn) five year Reg S issue on Wednesday, with flexibility cited as a reason for the move.

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.