Posts Tagged ‘ Stadshypotek ’

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

Sep 27th, 2016

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.

BRF covered benefits from bounce after slower Stadshypotek start

Jun 17th, 2016

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.

Stadshypotek set for Finnish pool, with Danish option

Apr 22nd, 2016
Handelsbanken image

Stadshypotek looks set to issue covered bonds backed by a dedicated Finnish residential mortgage cover pool under Swedish legislation, after Moody’s yesterday (Thursday) announced a provisional Aaa rating for such covered bonds, with issuance off a Danish pool also a possibility.

OP leads way as Nordics show covered bond mart’s strength

Nov 20th, 2015
Photo: Lauri Silvennoinen/Wikimedia Commons

OP Mortgage Bank set the tone for a strong week in the covered bond market with a Eu1.25bn five year issue on Monday that attracted orders approaching Eu1.8bn at a limited new issue premium, with Stadshypotek and Danske Bank Finland following successfully in its wake.

Reactive Stadshypotek £300m FRN shows sterling possibilities

Aug 14th, 2015

Stadshypotek sold a £300m three year FRN covered bond on Monday, proving that the sterling market is an appealing option for issuers and printing at a tighter price than could have been achieved in the domestic market, according to bankers.

Dollar attractions cited as Stadshypotek sells $1bn covered

Apr 10th, 2015

Stadshypotek sold a $1bn (Skr8.70bn, Eu931m) five year 144A covered bond on Wednesday of last week (2 April) and bankers suggested that although the deal had not achieved the same level of arbitrage as some recent transactions, European issuers could still see the dollar market as attractive.

Stadshypotek gets attractive funding with FRN

May 16th, 2014

Stadshypotek launched a rare euro floating rate covered bond this (Friday) morning, a Eu300m five year issue that was launched opportunistically in response to interest in the format from investors, with the deal providing the issuer with attractive funding versus its curve, according to a lead syndicate banker.

Stadshypotek 5s equal tight in ‘unique’ euro opportunity

Mar 27th, 2014

Stadshypotek priced a Eu1.25bn five year covered bond on Monday, the joint tightest post-crisis non-German Pfandbrief euro benchmark covered bond, with an official at the issuer noting that the prevailing euro market provided a “unique” funding opportunity for Scandinavian issuers.

Stadshypotek’s post-blackout Eu1bn 7s set post-2007 tight

Oct 24th, 2013

Stadshypotek priced a Eu1bn seven year covered bond yesterday (Wednesday) to kickstart what could be a series of Nordic FIG deals in euros as issuers from the region emerge from blackouts and face enticing spreads and cross-currency levels.

SEB secures Yankee access in accomplished US covered start

May 23rd, 2013

SEB added another string to its bow by making its US dollar covered bond debut on Tuesday, pricing a $1.5bn five year deal on the back of strong demand and only 1bp wide of where Stadshypotek tapped the market last week.