Posts Tagged ‘ DNB ’

DNB Eu1.5bn 10s biggest since 2014 in ‘civilised’ covered bond market

Aug 30th, 2016
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DNB Boligkreditt attracted Eu2bn of orders to a Eu1.5bn 10 year covered bond today (Tuesday) that is the largest euro benchmark in the maturity since 2014 and comes after a slew of long-dated supply.

DNB and Eika hit targets, with 7s the place to be

Apr 17th, 2016
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DNB Boligkreditt attracted Eu2.2bn of demand for a Eu1.5bn seven year covered bond on Tuesday, before fellow Norwegian issuer Eika Boligkreditt sold a twice oversubscribed Eu500m seven year on Wednesday, having moved forward its plans to capitalise on strong demand in the seven year part of the curve.

Moody’s ups six Nordics as new criteria reflect strengths

Jun 18th, 2015

Moody’s upgraded six Nordic issuers yesterday (Wednesday) – Danske, DNB, Handelsbanken, Nykredit Realkredit, SEB and Swedbank – citing strong macro profiles, healthy and strengthened core financial ratios and benefits of the introduction of bail-in regimes across the region.

DNB hits US in $1.25bn covered bond, gets tight level in Skr4bn Tier 2

May 22nd, 2015
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DNB Boligkreditt attracted strong US interest with a $1.25bn (Eu1.12bn, Nkr9.44bn) five year benchmark covered bond on Wednesday, and yesterday (Thursday) achieved tight pricing with a Skr4bn (Nkr3.61bn, Eu430m) subordinated issue that a banker said he believes to be the largest ever Tier 2 in the krona market.

Net items lift Swedish bank results, Nordea NII less resilient

May 1st, 2015

Nordea and Svenska Handelsbanken first quarter results announced on Wednesday echoed those with which SEB kicked off the Nordic bank reporting season the previous Thursday, showing strong net financial items, although Nordea fell behind its peers on net interest income (NII) that for SEB and Handelsbanken proved resilient.

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

Mar 20th, 2015
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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.

DNB debut £250m FRN offers diversification

Feb 13th, 2015

DNB Bolgikreditt made its sterling covered bond debut on Monday with a £250m (Nkr2.90bn, Eu336m) five year floating rate, and an official at the issuer said the maturity, format and currency suited its needs.

DNB first Nordic bank to launch green bond with renewables deal

Feb 13th, 2015
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DNB on Wednesday became the first commercial bank from the Nordic region to sell a green bond, issuing a Nkr1bn (Eu115m) five year deal whose proceeds are earmarked for financing renewable energy projects.

Swedbank debuts as Nordics hit finely-poised AT1 en masse

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.

Danske exceeds expectations, DNB well received

Feb 6th, 2015
Frank Vang Jensen image

Danske Bank and DNB results announced this week were well received, although their figures and Swedish reporting this week confirmed the trend of the low interest rate environment affecting performance.