Posts Tagged ‘ euros ’

Nordea’s new Finnish covered entity mulls Q4 debut after demerger

Oct 5th, 2016
Nordea Bank Finland300

Nordea Mortgage Bank, a new Finnish issuing entity established following a demerger of Nordea Bank Finland, is looking into possibilities in the euro market and could launch its first euro covered bond in the fourth quarter of 2016, according to an official at Nordea.



Stadshypotek Finnish covered kick-off draws Eu1.5bn amid pulled deals

Sep 27th, 2016
SvenskaHandelsbanken300

Stadshypotek issued its first covered bond out of a Finnish cover pool today (Tuesday), selling a thrice-subscribed Eu500m 10 year issue that progressed smoothly, in contrast with more turbulent conditions in other markets, with NordLB pulling a senior trade amid pressure on European banks.



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

Aug 30th, 2016
DNB image

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.



Duration bid opens 10s to SpaBol, misreport unheeded

Aug 25th, 2016
SpareBank 1

SpareBank 1 Boligkreditt sold its first 10 year euro benchmark on Tuesday, with the possibility of offering a positive yield at the long end a factor, according to the issuer’s COO, who said erroneous reports on its substitute assets did not affect the Eu1bn deal’s successful outcome.



Moody’s, S&P attest to Nykredit SRN benefits after second issue

Jul 15th, 2016
Nykredit image

New Nykredit Realkredit “senior resolution notes” (SRNs) are positive for holders of its covered bonds, Moody’s said yesterday (Thursday), after S&P revised its outlook on the issuer from negative to stable and the Danish issuer reopened the euro senior market with its second such deal.



BRF covered benefits from bounce after slower Stadshypotek start

Jun 17th, 2016
BRF300

BRFkredit sold a EUR750m seven year covered bond on Wednesday that bankers said was the most solid deal of the week, benefitting from a bounce in sentiment, after Stadshypotek sold a EUR1bn six year issue on Monday that was only just oversubscribed amid weaker conditions.



SR back on track with €750m covered after investor work

Jun 4th, 2016

SR-Boligkredit sold a €750m (NOK6.97bn) long five year issue on Wednesday that bankers, citing a slim new issue premium, described as its best deal to date after a lacklustre result in January, with the new issue having been boosted by a comprehensive roadshow.



Danske enters new territory with EUR1bn 7s senior, NOK5bn covered

May 27th, 2016
Danske

Danske sold its longest benchmark senior unsecured bond on Wednesday, a Eu1bn seven year issue that attracted over Eu2.3bn of demand. It issuer also last week launched its first benchmark, syndicated Norwegian krone covered bond, as part of a planned Norwegian expansion.



‘Peculiar’ four year €1bn SEB FRN exceeds expectations

May 20th, 2016
AppSEB_kungstradgarden

SEB sold a €1bn senior unsecured FRN with an uncommon four year maturity on Wednesday, opting for this partly to tap a part of the curve vacated in light of upcoming TLTROs, according to SEB’s John Arne Wang, with eventual demand of over €1.3bn surpassing expectations.



Arion €300m senior return confirms Icelandic progress

Apr 22nd, 2016
Arion banki hus logo web

Iceland’s Arion sold a €300m (ISK41.9bn) three year senior unsecured bond on Tuesday, its second public euro-denominated issue, attracting mainly real money accounts and confirming the ability of Icelandic banks to access international markets at lower costs, according to the bank’s CEO.