Posts Tagged ‘
Sweden ’
Feb 20th, 2015
Svenska Handelsbanken launched its inaugural Additional Tier 1 (AT1) issue on Wednesday, a $1.2bn (Eu1.05bn, Skr10bn) perpetual non-call six deal that achieved the lowest coupon on a US dollar AT1 and attracted $4.7bn of demand.
Posted in Sweden
Tags: AT1, Svenska Handelsbanken, Sweden
Feb 13th, 2015
A partial waiver from certain CRR requirements proposed by the Swedish FSA to reduce concentration risk would be credit positive for Swedish covered bonds, according to Moody’s, as it would allow programmes to maintain protections against market risks.
Posted in Sweden
Tags: covered bond, CRR, Moody's, Sweden, Swedish, waiver
Jan 30th, 2015
Concentrated exposure to domestic real estate is a key risk factor and a negative driver of Swedish bank ratings, Scope Ratings said yesterday (Thursday), warning that the Swedish property market is overvalued by 20%-30%.
Posted in Ratings
Tags: mortgages, Riksbank, Scope, Sweden
Jan 30th, 2015
Nordea and SEB opened the latest earnings season this week with results that were resilient against the headwinds from autumn interest rate cuts and bode well for their peers, although the dividend and capital policies of the two Swedish banks contrasted.
Posted in Sweden
Tags: Nordea, SEB, Skandinaviska Enskilda Banken (SEB), Sweden
Jan 9th, 2015
The Swedish FSA is implementing a partial waiver from the application of CRR covered bond requirements that could cause concentration risk after the European Banking Authority agreed that a similar move in Denmark is justified.
Posted in Denmark
Tags: Danish, Denmark, EBA, Sweden, Swedish
Jan 9th, 2015
Swedish house prices could fall in 2015 against a backdrop of stricter amortisation requirements and Europe’s deteriorating economic outlook, but Swedish covered bond ratings would likely prove resilient even if prices fell by 30%, Standard & Poor’s said yesterday (Wednesday).
Posted in Sweden
Tags: S&P, Standard & Poor's, Sweden, Swedish
Dec 4th, 2014
Norway came top out of six countries in a Moody’s ranking of how strong different jurisdictions are with respect to eligibility criteria for cover pool assets based on a combination of covered bond law and market practice, while Sweden was first taking into account only the covered bond law.
Posted in Norway
Tags: Moody's, Norway, Sweden
Nov 21st, 2014
Swedish FSA proposals that new mortgage loans be amortised down to 50% of a property’s value according to a specified schedule would be credit positive for banks and covered bonds, according to Moody’s, but an industry representative suggested that implementation will be difficult.
Posted in Sweden
Tags: Finansinspektionen, FSA< amortisation, mortgages, Sweden, Swedish
Nov 14th, 2014
SEB reopened the AT1 market on Thursday of last week (6 November), pricing a debut $1.1bn (Eu883m, Skr8.17bn) perpetual non-call 5.5 issue with a coupon of 5.75% in the first European bank AT1 supply since a deal for fellow Swede Nordea on 17 September.
Posted in Sweden
Tags: AT1, SEB, Sweden, Swedish
Nov 6th, 2014
Skandinaviska Enskilda Banken (SEB) is expected to launch its first Additional Tier 1 (AT1) issue shortly, in the US dollar market, after having begun a roadshow on Monday.
Posted in Sweden
Tags: AT1, Coco, SEB, Sweden, Swedish