Posts Tagged ‘
covered bond ’
Apr 17th, 2015
Länsförsäkringar Hypotek sold a Eu500m (Skr4.64bn) seven year covered bond at the tight end of its pricing expectations yesterday (Thursday), according to an official at the issuer, who said that it timed its deal to avoid competing supply from the Nordics and elsewhere.
Posted in Sweden
Tags: covered bond, LF Hypotek, Sweden, Swedish
Apr 10th, 2015
Stadshypotek sold a $1bn (Skr8.70bn, Eu931m) five year 144A covered bond on Wednesday of last week (2 April) and bankers suggested that although the deal had not achieved the same level of arbitrage as some recent transactions, European issuers could still see the dollar market as attractive.
Posted in Market
Tags: covered bond, Stadshypotek, Svenska Handelsbanken, Sweden, Swedish
Apr 10th, 2015
Swedbank on Wednesday sold a well-received £300m (Eu414m, Skr3.87bn) four year senior unsecured deal, making a quick return to the sterling market after having sold a £500m three year covered bond on 25 March, with an official at the issuer noting the diversification on offer and the attractive funding levels thanks to favourable currency swaps.
Posted in Sweden
Tags: covered bond, senior unsecured, Swedbank, Sweden, Swedish
Mar 27th, 2015
Aktia Bank issued a Eu500m seven year covered bond on Tuesday that overcame difficult market conditions to attract a diverse Eu1.5bn order book that represented the highest level of oversubscription on any benchmark for two weeks.
Posted in Finland
Tags: Aktia Bank, covered bond, Finland, Finnish
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
Nordea Bank Finland drew over Eu4.25bn of demand for a dual-tranche, 5.25 and 12 year, deal on Tuesday that, at Eu2bn, is the largest covered bond issue since November and the first dual-tranche benchmark to have both tranches pricing through swaps.
Posted in Finland
Tags: covered bond, Finland, Finnish, Nordea Bank Finland, Sweden, Swedish
Feb 27th, 2015
Danske Bank tapped into strong demand in the covered bond market this week to launch the first Nordic euro covered bond benchmark of 2015, a Eu1bn (Dkr7.44bn) long five year issue that attracted over Eu1.7bn of orders and achieved pricing flat to its curve.
Posted in Denmark
Tags: covered bond, Danish, Danske Bank, Denmark
Feb 13th, 2015
A partial waiver from certain CRR requirements proposed by the Swedish FSA to reduce concentration risk would be credit positive for Swedish covered bonds, according to Moody’s, as it would allow programmes to maintain protections against market risks.
Posted in Sweden
Tags: covered bond, CRR, Moody's, Sweden, Swedish, waiver
Nov 21st, 2014
OP Mortgage Bank is set to launch a 10 year benchmark imminently, having announced the mandate this (Thursday) afternoon for launch in the near future.
Posted in Finland
Tags: covered bond, Finland, Finnish, OP Mortgage Bank
Oct 31st, 2014
A Eu1bn 10 year Nordea Finland deal on Wednesday that was the first new benchmark eligible for CBPP3 since the programme began met with a “bonkers” response, achieving pricing 5bp inside initial price thoughts and kickstarting the primary market for Eurozone issuers.
Posted in Finland
Tags: CBPP3, covered bond, Finnish, Nordea Bank Finland