Posts Tagged ‘ FRN ’

Nykredit ventures longer for syndicated SEK5bn threes

Jun 4th, 2016
Nykredit image

Nykredit sold its first benchmark, syndicated Swedish krona covered bond with a three year maturity on Tuesday, having previously issued shorter dated paper in the Swedish market, and attracted some SEK20bn of orders for a SEK5bn FRN.

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

May 20th, 2016

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.

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.

SR-Boligkreditt up and running with domestic Nkr2bn five year FRN

Jun 5th, 2015

SR-Boligkreditt issued its first covered bond yesterday (Thursday), a Nkr2bn (Eu229m) five year deal that an official at the issuer said represented a decent start to its issuance, even if the pricing was marginally wider than expected amid a volatile market.

SBAB in Eu750m senior return, covered next up

May 29th, 2015

SBAB launched its first benchmark euro senior unsecured floating rate note since January 2012 on Wednesday, a Eu750m (Skr6.94bn) three year issue that the issuer’s head of investor relations said is likely to be followed by a euro benchmark covered bond by the end of the third quarter.

Record RD FRN reflects mortgage, coupon moves

May 22nd, 2015
Realkredit Danmark image

Realkredit Danmark (RD) sold a Dkr42.4bn (Eu5.68bn) 18 month floating rate note – the largest ever FRN in the Danish covered bond market – in auctions from Monday to yesterday (Thursday), with the size reflecting changes in the type of mortgage being taken out and the maturity a debate over negative coupons in Denmark.

Danske wraps up 2014 funding in Eu1bn FRN

Nov 21st, 2014

Danske Bank sold a Eu1bn four year senior unsecured floating rate note at Euribor plus 38bp on Wednesday of last week (12 November) to complete its funding target for 2014.

Nykredit Realkredit in Eu500m euro senior unsecured FRN first

Sep 4th, 2014
Nykredit image

Nykredit Realkredit launched an inaugural senior unsecured Eu500m five year floating rate note on Tuesday, the first time the Danish financial group has issued a euro senior unsecured instrument out of its mortgage credit institution rather than Nykredit Bank.

Nordea beats household name Rabobank with ¥100bn Samurai

May 22nd, 2014

Nordea priced a ¥100bn (Eu720m, Skr6.47bn) three tranche Samurai today (Thursday), with a lead banker noting that the deal beat a Rabobank Samurai from last week on pricing and size.

Nykredit in Eu500m FRN refi to preserve ratios

Nov 28th, 2013
Henrik Andersen

Nykredit Bank sold a Eu500m two-and-a-half year floating rate senior unsecured issue yesterday (Wednesday) to refinance a bond of the same size maturing in January, according to an official at the issuer, with recent FRN deals also encouraging the move.