Posts Tagged ‘
Swedbank ’
May 22nd, 2015
Swedbank reopened the euro FIG market yesterday (Thursday) with a Eu750m seven year senior unsecured fixed rate issue that attracted Eu1.9bn of demand and was priced at the tight end of guidance, and bankers said other issuers would be encouraged to come to market.
Posted in Sweden
Tags: euro, senior unsecured, Swedbank, Swedish
Apr 10th, 2015
Swedbank on Wednesday sold a well-received £300m (Eu414m, Skr3.87bn) four year senior unsecured deal, making a quick return to the sterling market after having sold a £500m three year covered bond on 25 March, with an official at the issuer noting the diversification on offer and the attractive funding levels thanks to favourable currency swaps.
Posted in Sweden
Tags: covered bond, senior unsecured, Swedbank, Sweden, Swedish
Mar 20th, 2015
The Estonian Banking Association (Eesti Pangaliit) is working on a proposal for covered bond legislation that it expects to finalise soon, ahead of submission to the ministry of finance for official drafting. Mihkel Hollo, head of the covered bond working group at the association and project manager at Swedbank in Tallinn, discusses developments in Estonia.
Posted in In conversation
Tags: covered bonds, Estonia, Estonian Banking Association, Swedbank
Mar 6th, 2015
Swedbank quickly followed up AT1 and senior unsecured deals with a Eu1bn seven year covered bond on Wednesday, the tightest post-crisis Nordic euro benchmark, and the issuer’s funding head said the prevailing low funding costs mean there is little incentive to hold off.
Posted in Market
Tags: Aktia Bank, Swedbank
Feb 13th, 2015
Danske and Swedbank this week hit a hectic Additional Tier 1 (AT1) market and Handelsbanken and Nykredit Realkredit mandated debuts in spite of some weakness in the hybrid asset class, while DNB today (Friday) stuck to its domestic market for its first AT1.
Posted in Market
Tags: AT1, Danske Bank, DNB, Handelsbanken, Nykredit Realkredit, Swedbank
Feb 6th, 2015
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.
Posted in Sweden
Tags: Nordea, Swedbank
Nov 21st, 2014
Rating agency Scope has published its first ratings of financial institutions in the Nordic region — covering Danske, DNB, Nordea and Swedbank — and noted strong prudential and credit metrics supported by stable funding — notably through covered bonds — but also overheating housing prices in Norway and Sweden.
Posted in Ratings
Tags: Danske, DNB, Nordea, Scope Ratings, Swedbank
Oct 24th, 2014
A solid start to the Nordic third quarter bank reporting season from Swedbank on Tuesday was built on by Handelsbanken and SEB, but Nordea fell short of consensus expectations, while in Norway DNB beat forecasts.
Posted in Industry Moves
Tags: DNB, Handelsbanken, Nordea, results, SEB, Swedbank
Jul 24th, 2014
Second quarter results for Danske, reported today (Thursday), reveal “good progress all over”, with a raised outlook for 2014 reflecting higher management confidence, while Swedbank results underline a Swedish trend, said a Kepler Cheuvreux analyst.
Posted in Market
Tags: Danske, Danske Bank, Swedbank, Sweden
May 16th, 2014
Swedbank restarted euro benchmark covered bond supply after two weeks without issuance on Wednesday, pricing its first such deal of the year in a busy week for the FIG market across asset classes, with other Nordic issuers variously tapping senior unsecured, subordinated debt, and floating rate covered bond markets.
Posted in Sweden
Tags: covered bonds, Swedbank, Sweden