Posts Tagged ‘ Swedbank ’

Swedbank reopens euro FIG with Eu750m senior success

May 22nd, 2015
Swedbank image

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.



Swedbank follows up covered bond with £300m senior deal

Apr 10th, 2015
Swedbank

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.



Interview: Mihkel Hollo, Estonian Banking Association

Mar 20th, 2015
Mihkell Hollo image

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.



Swedbank gets Nordic tight with Eu1bn, Aktia mandates

Mar 6th, 2015
Swedbank

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.



Swedbank debuts as Nordics hit finely-poised AT1 en masse

Feb 13th, 2015
Swedbank

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.



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.



First Scope Nordic bank ratings in A+ to A- range

Nov 21st, 2014
Nordeaheadquarter200

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.



Swedish trends encourage, but Nordea miss, DNB outperform

Oct 24th, 2014
Swedbank

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.



Danske raises outlook after Q2 progress, Swedbank echoes peers

Jul 24th, 2014
ThomasBorgen_jpeg

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.



Swedbank rekindles euro covered in busy market

May 16th, 2014
Swedbank image

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.