Posts Tagged ‘ Svenska Handelsbanken ’

Handelsbanken gets $1.4bn on ‘good day’ in US

Jun 12th, 2014

Svenska Handelsbanken priced a $1.4bn (Eu1bn, Skr9.4bn) dual tranche five year senior unsecured transaction on Tuesday, raising funding at a much lower cost than that available in euros to highlight a large arbitrage in play between the markets, according to a banker away from the leads.

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.

Weakish revenues offset by cost, credit quality efforts for Nordics

May 1st, 2014
Handelsbanken image

The Nordic first quarter reporting season is well underway, with Danske today (Thursday) the latest to announce results. Mats Anderson, equity research analyst at Kepler Cheuvreux, says that results have been marginally better than expected, boding well for the rest of the year.

S&P ups Danske but BRRD hits banks, covered RFC due

May 1st, 2014

S&P upgraded Danske and took rating actions on Swedish banks on Tuesday in connection with a raft of actions on European banks to reflect less assumed government support given new resolution frameworks, and also flagged plans to incorporate this into covered bond ratings.

Handelsbanken in senior Kangaroo debut amid European burst

Apr 4th, 2014

Svenska Handelsbanken priced an inaugural Kangaroo senior unsecured benchmark on Tuesday, a A$650m (Eu438m, Skr3.93bn) dual tranche issue that was part of a mini-wave of Australian-targeted European issuance benefitting from local majors being in blackout, according to a 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.

Swedes finish strong, DNB pleased, Danske not satisfied

Feb 6th, 2014

Danske and DNB released fourth quarter results today (Thursday) that reflect “various stages of recovery” while reporting by Handelsbanken and SEB yesterday confirm the strength of the Swedish banking sector, said a KeplerCheuvreux analyst.

Handelsbanken opens bank capital with post-Lehman Tier 2 tight

Jan 9th, 2014
Handelsbanken image

Svenska Handelsbanken printed the first bank capital issue of 2014 on Tuesday, a Eu1.5bn (Skr16bn) 10 year non-call five subordinated bond that was swamped with demand to pave the way for the tightest pricing of a Tier 2 issue since the collapse of Lehman Brothers, according to a lead syndicate banker.

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).

SpareBank 1 surprised at subdued demand

Nov 14th, 2013
SpareBank 1

Demand for a Eu1bn long six year SpareBank 1 covered bond fell short of expectations on Tuesday, and an official at the issuer said the outcome was surprising, with the choice of maturity and amount of recent Nordic supply perhaps explaining the subdued reception.