Posts Tagged ‘ covered bond ’

LF Hypotek hits tight end after waiting for clear market

Apr 17th, 2015
LF5200

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.



Dollar attractions cited as Stadshypotek sells $1bn covered

Apr 10th, 2015
Svenska HandelsbankenOLYMPUS DIGITAL CAMERA

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.



Swedbank follows up covered bond with £300m senior deal

Apr 10th, 2015
Swedbank

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.



Aktia shrugs off weakness, cites diverse Eu1.5bn book

Mar 27th, 2015
Aktia

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.



Weak market stymies DNB $750m AT1, Aktia covered bond due

Mar 20th, 2015
DNB image

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.



Nordea Eu2bn covered duo attracts Eu4bn through swaps

Mar 13th, 2015
Nordea Bank Finland300

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.



Danske scores Eu1bn covered hit with first Nordic of 2015

Feb 27th, 2015
Danske

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.



Planned CRR waiver positive for Swedish covered, says Moody’s

Feb 13th, 2015
Finansinspektionen

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.



OP mandates 10 year into weaker market

Nov 21st, 2014
Photo: Lauri Silvennoinen/Wikimedia Commons

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.



Nordea Finland in ‘bonkers’ start to CBPP3 primary buys

Oct 31st, 2014
Nordea Bank Finland300

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.