Posts Tagged ‘ Nordea ’

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.

Specialist Finnish issuer expected under ‘One Nordea’ plan

Feb 26th, 2016
Nordea Bank Finland300

Nordea is expected to establish a distinct Finnish covered bond issuer as part of a strategy whereby its Danish, Finnish and Norwegian banking subsidiaries will become branches of the Swedish parent, a move that will be put to the group’s annual general meeting next month.

Sterling attractive as Nordea Eiendomskreditt sells £400m FRN

Jan 8th, 2016
Nordea Frogner Oslo NNFIC

Nordea Eiendomskreditt attracted £425m of orders for a £400m (€545m) three year floating rate  covered bond on Wednesday, which, alongside similar issues for Lloyds beforehand and Bank of Nova Scotia afterwards, bankers said shows sterling to be an attractive option for issuers.

Nordea blowout reopens T2 in better mart but supply limited

Nov 6th, 2015
Nordea image

Nordea attracted over Eu4.5bn of demand for a “blowout” Eu750m (Skr7bn) 10 year non-call five Tier 2 issue on Monday that bankers said showed the market is wide open, but expectations for further supply next week are modest after only one Tier 2 deal followed.

Rate cuts stymie Swedish third quarter profits, but positives seen

Oct 23rd, 2015

Third quarter results of the big four Swedish banks came in below consensus expectations this week, with the impact of persistently low interest rates on net interest income (NII) and weak capital markets cited as contributing to the weaker than expected performance.

SEB commissions offset negative rates’ impact in Q2 results

Jul 17th, 2015

Skandinaviska Enskilda Banken (SEB) kicked off Swedish banks’ Q2 results announcements on Tuesday with pre-tax profits of Skr5.3bn (Eu570m) that were 14% ahead of consensus expectations, with strong commission revenues offsetting a fall in net interest income.

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.

Nordea gets joint USD coupon low in AT1 trio

Mar 6th, 2015
Nordea image

Nordea launched its second Additional Tier 1 issuance yesterday (Thursday), a multi-currency three tranche package including $500m, Skr2.25bn and Nkr1.25bn pieces for an aggregate of Skr8.15bn (Eu882m) that achieved the joint lowest coupon for an AT1 benchmark.

Nordea stars, Swedbank AT1 due as covered overshadowed

Feb 6th, 2015
Nordea image

Sweden’s banks emerged from blackout periods in style this week as Nordea Bank AB sold a Eu1bn 10 year senior unsecured transaction that attracted over Eu4bn of demand at a tight level yesterday (Thursday), and Swedbank today announced an inaugural Additional Tier 1 (AT1) transaction.

Nordea, SEB resilient against headwinds, differ on pay-out

Jan 30th, 2015
Christian Clausen image

Nordea and SEB opened the latest earnings season this week with results that were resilient against the headwinds from autumn interest rate cuts and bode well for their peers, although the dividend and capital policies of the two Swedish banks contrasted.