Posts Tagged ‘ covered bond ’

Ålandsbanken beats size target, turns to Sweden

Oct 2nd, 2014
Alandsbanken

Finland’s Ålandsbanken sold its largest single tranche covered bond on Tuesday, a Eu150m four year issue backed by a Finnish cover pool, and plans to return before year-end with a krona-denominated inaugural covered bond out of a Swedish cover pool.



Delayed Sparebanken Sør maturity payment on covered bond ‘technical’

Oct 2nd, 2014
Sparebanken_Sør_Arendal

Payment on a Nkr30m (Eu3.66m) maturing covered bond of Sør Boligkreditt, the issuer of Norway’s Sparebanken Sør, was delayed by three days over last weekend because an amendment to the structure three years ago was not correctly registered in a payment system, according to an official at the issuer.



SCBC back after deposit drive, plans yearly euro benchmarks

Oct 2nd, 2014
SBABinstagram

SCBC sold its first euro benchmark in three and a half years on Tuesday, a Eu1bn (Skr9.1bn) seven year that is understood to be the first soft bullet covered bond out of Sweden, and an official at the issuer said it will now be returning to the euro-denominated market on a yearly basis.



Danske finds strong demand for inaugural £500m covered bond

Sep 12th, 2014
Danske

Danske Bank sold its first sterling covered bond on Monday, a £500m (Dkr4.64bn, Eu624m) three year floating rate note that attracted £800m of demand despite coming at the same time as a £1.5bn Barclays Bank covered bond in the same format.



Strong response as Nordea Norwegian arm makes sterling debut

Sep 4th, 2014
Nordea

Nordea Eiendomskreditt made its sterling covered bond debut today (Thursday) with a £500m (Eu627m, Nkr5.11bn) three year FRN that was nearly twice subscribed and said to be the tightest deal in the currency so far, also coming inside theoretical euro new issue levels.



SEB tempted by tight levels, sees minus possible in 2014

Oct 31st, 2013
SEB

Tight spreads tempted SEB to bring forward Q1 2014 issuance plans and launch a Eu1bn seven year covered bond benchmark on Monday, the bank’s head of treasury management told Nordic FIs & Covered.



Stadshypotek’s post-blackout Eu1bn 7s set post-2007 tight

Oct 24th, 2013
OLYMPUS DIGITAL CAMERA

Stadshypotek priced a Eu1bn seven year covered bond yesterday (Wednesday) to kickstart what could be a series of Nordic FIG deals in euros as issuers from the region emerge from blackouts and face enticing spreads and cross-currency levels.