Posts Tagged ‘ sterling ’

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.

SEB finds sterling ‘entry point’ via £250m, while euros mixed

Nov 13th, 2015

Skandinaviska Enskilda Banken (SEB) sold an inaugural sterling covered bond yesterday (Thursday), a £250m (Eu353m, Skr3.29bn) three year FRN, and the issuer’s head of treasury management said that it would now look to return to the UK market each year.

Swedbank £350m deal reopens sterling covered, offers attractive funding

Oct 23rd, 2015

Swedbank Hypotek reopened the sterling covered bond market after two months without benchmark supply on Wednesday, and although the FRN was priced 10bp wider than preceding deals an official at the issuer said the sterling market still offered attractive funding.

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.

Pohjola in senior sterling first as UK vote surprises to upside

May 15th, 2015
Photo: Lauri Silvennoinen/Wikimedia Commons

Pohjola Bank achieved investor diversification through a debut syndicated sterling deal on Tuesday, a £700m (Eu976m) dual-tranche issue that benefited from positive sentiment that followed a decisive UK election result while volatility hit the euro market.

Sparebanken Vest gets tight in covered, eyes more euros

Apr 24th, 2015

Sparebanken Vest Boligkreditt on Wednesday sold the first Norwegian euro benchmark covered bond of the year, a Eu500m seven year that achieved tighter pricing than some market participants had expected, and an official at the Norwegian issuer said it may become a more frequent visitor to euros.

Danske finds strong demand for inaugural £500m covered bond

Sep 12th, 2014

Danske Bank sold its first sterling covered bond on Monday, a £500m (Dkr4.64bn, Eu624m) three year floating rate note that attracted £800m of demand despite coming at the same time as a £1.5bn Barclays Bank covered bond in the same format.

Strong response as Nordea Norwegian arm makes sterling debut

Sep 4th, 2014

Nordea Eiendomskreditt made its sterling covered bond debut today (Thursday) with a £500m (Eu627m, Nkr5.11bn) three year FRN that was nearly twice subscribed and said to be the tightest deal in the currency so far, also coming inside theoretical euro new issue levels.

Handelsbanken £400m completes UK hat-trick

Nov 21st, 2013

Svenska Handelsbanken made its third visit to the sterling market this year with a £400m (Eu477m, Skr4.27bn) seven year senior unsecured deal on Thursday of last week (14 November).

Opportunistic £300m trade offers SEB diversification

Sep 26th, 2013

SEB made an opportunistic foray into the sterling market on Tuesday to launch a £300m (Skr3.08bn, Eu356m) seven year senior unsecured deal that is the longest dated Swedish sterling issue this year.