Nordea enjoys best covered demand of 2018

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Covered Bonds

Nordea enjoys best covered demand of 2018

Bill Thornhill
May 17, 2018 01:30 PM
Nordea3_PA_230x150
STOCKHOLM 2017-10-26 Nordea bank headoffice during the presentation of the financial report at the banks head office in Stockholm Sweden on Thursday. Nordea is cutting 6 000 jobs world wide. Foto: Jessica Gow / TT kod 10070 | Jessica Gow/TT/TT News Agency/Press Association Images

Nordea issued a €1bn seven year bond on Thursday and attracted the highest subscription ratio of any euro covered bond of this size in 2018, while pricing with a tiny new issue premium. The execution offers further evidence that covered bonds are on a solid footing, in contrast with other sectors.

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Topics

Islamic FinanceFinlandNordicsEuropeEMEAFIGCovered BondsNordea Markets
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Bill Thornhill
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