Posts Tagged ‘ euros ’

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

Apr 17th, 2016
DNB image

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.



LF Hypotek €500m covered sets 2016 Nordic sevens tight

Apr 8th, 2016
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LF Hypotek sold a €500m (SEK4.64bn) seven year covered bond on Tuesday, building an almost three times oversubscribed book while also setting the tightest price of any Nordic issue in the maturity this year.



Jyske sells €500m senior fixed debut, SBAB returns

Apr 8th, 2016
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Jyske Bank sold a debut €500m fixed rate senior unsecured benchmark bond yesterday (Thursday), and an official at Jyske explained that it had moved away from its previously preferred FRN format because of a changing regulatory environment. SBAB on Monday sold its first fixed rate senior issue in two years.



Danske €1bn senior surprises in investor scramble

Apr 1st, 2016
Danske

Danske attracted over €4bn of demand for a €1bn five year senior unsecured bond that surpassed expectations on Wednesday in an otherwise quiet week, with investors “scrambling” for what a lead banker said may be one of the last offerings of single-A rated senior paper before the onset of blackout periods.



Sparebanken Sør well positioned after Eu500m debut

Mar 18th, 2016
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Sparebanken Sør Boligkreditt made its euro-denominated covered bond debut on Tuesday – joining the market to meet increased funding needs, according to the issuer’s CEO – and bankers said the Eu500m five year issue positioned the Norwegian issuer well next to its peers.



BRFkredit in ‘unique’ Eu500m debut, plans Q4 return

Mar 18th, 2016
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BRFkredit sold a debut, Eu500m five year covered bond on Wednesday, and plans to return to the euro market in the fourth quarter and establish itself as a frequent issuer therein, with an official at the issuer citing the benefits of diversification away from the Danish market.



Danske sells $1bn senior, Sparebanken Sør euro covered debut due

Mar 11th, 2016
Danske EntranceAPP

Danske Bank sold a twice-subscribed $1bn five year senior unsecured bond on Monday, with a lead noting it priced close to a recent issue from Swedbank, which is more established in the US market. Sparebanken Sør is expected next week with an inaugural euro benchmark covered bond.



Swedbank Eu400m FRN well bid despite ‘somewhat daunting’ coupon

Mar 4th, 2016
Swedbank image

Swedbank sold a Eu400m three year senior unsecured FRN on Wednesday that was priced above par in order to avoid the impact of negative rates, and bankers said it had done well to attract over Eu500m of orders and price the deal with no premium in light of using a still-novel elevated coupon.



SpareBank 1 Eu1bn sevens ‘textbook’ in busy euro covered mart

Mar 4th, 2016
SpareBank 1

Norway’s SpareBank 1 Boligkreditt sold a Eu1bn seven year covered bond on Wednesday that was described as “textbook” into a busy euro covered bond market where eight issues totalling Eu6bn were launched this week.



BRFkredit prepares euro benchmark covered bond debut

Mar 4th, 2016
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BRFkredit is set to launch an inaugural euro benchmark covered bond in a move that an official at the Jyske Bank subsidiary said will reduce its refinancing of Danish krone bonds while taking advantage of funding opportunities in the European market.