Posts Tagged ‘
AT1 ’
May 22nd, 2017
Skandinaviska Enskilda Banken (SEB) took advantage of a strong post-FOMC market to attract some $3bn of demand to a $600m perpetual non-call five Additional Tier 1 on 16 March, its first AT1 transaction in over two years.
Posted in Sweden
Tags: Additional Tier 1, AT1, SEB, Skandinaviska Enskilda Banken, Sweden, Swedish
Sep 13th, 2016
A debut, dual tranche DKK1.5bn equivalent AT1 for Jyske Bank on 7 September was more than twice oversubscribed, and comprised the first benchmark Swedish krona AT1 from a non-domestic name, with a Jyske official deeming the result a testament to years of work in the Swedish market.
Posted in Denmark
Tags: Additional Tier 1, AT1, Danish, Denmark, Jyske Bank, krona, kroner, kronor, Sweden, Swedish
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
Mar 20th, 2015
DNB hit a weak market when it launched a $750m (Nkr6.12bn, Eu699m) Additional Tier 1 transaction yesterday (Thursday), with the book size and pricing off highs witnessed on recent US dollar Nordic AT1 supply.
Posted in Market
Tags: Aktia, AT1, covered bond, DNB
Mar 13th, 2015
SBAB sold its first Additional Tier 1 issuance on Monday, Skr1.5bn (Eu163m) of perpetual non-call five notes split into fixed and floating rate tranches that were priced just 15bp wider than where Nordea last week issued krona AT1.
Posted in Sweden
Tags: AT1, SBAB, Sweden, Swedish
Mar 6th, 2015
Nordea launched its second Additional Tier 1 issuance yesterday (Thursday), a multi-currency three tranche package including $500m, Skr2.25bn and Nkr1.25bn pieces for an aggregate of Skr8.15bn (Eu882m) that achieved the joint lowest coupon for an AT1 benchmark.
Posted in Sweden
Tags: AT1, dollars, Nordea
Feb 20th, 2015
Nykredit sold a debut Additional Tier 1 transaction yesterday (Thursday), a Eu500m (Dkr3.72bn) 6.25% perpetual non-call 5.7 deal that an official at the Danish issuer said achieved a satisfactory result for an inaugural transaction.
Posted in Denmark
Tags: AT1, Danish, Denmark, Nykredit
Feb 20th, 2015
Svenska Handelsbanken launched its inaugural Additional Tier 1 (AT1) issue on Wednesday, a $1.2bn (Eu1.05bn, Skr10bn) perpetual non-call six deal that achieved the lowest coupon on a US dollar AT1 and attracted $4.7bn of demand.
Posted in Sweden
Tags: AT1, Svenska Handelsbanken, Sweden
Feb 13th, 2015
Danske and Swedbank this week hit a hectic Additional Tier 1 (AT1) market and Handelsbanken and Nykredit Realkredit mandated debuts in spite of some weakness in the hybrid asset class, while DNB today (Friday) stuck to its domestic market for its first AT1.
Posted in Market
Tags: AT1, Danske Bank, DNB, Handelsbanken, Nykredit Realkredit, Swedbank
Dec 19th, 2014
Moody’s expects Swedish banks to make early, sizeable issuances of Additional Tier 1 (AT1) instruments, while Standard & Poor’s expects a similar trend across Nordic banks, which it said are pulling away from their European peers in terms of capital strength.
Posted in Sweden
Tags: AT1, CoCos, Moody's, S&P