Denmark
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Danish agency prints in euros, will look for dollar and green windows
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◆ Danish lender raises €2.25bn of bail-in debt in one go ◆ Offers visible premium to lure investors for its acquisition funding of Spar Nord Bank ◆ Issuance strategy positively deviates from the past
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New 10 year with green twin planned
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Bund-swap moves will put tight Nordic spreads under pressure next year
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◆ Appetite for credit attracts trio to senior market despite weaker backdrop ◆ But face-to-face execution between two similar deals underlines limits for non-major global bank issuers◆ UniCredit diversifies funding with rare floater
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Investment grade companies issue €20bn of euro bonds this month
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Fully underwritten deal will be partly used to buy Deutsche Bahn’s logistics division
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◆ Issuer takes advantage of the duration bid ◆ Print close to fair value, if not inside ◆ Smaller compatriot Spar Nord Bank readying green debut
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Funding official joins after nine years at the Danish National Bank
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Small ambitions of Legrand, DSV and El Corte Inglés rewarded with chunky demand
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◆ Danske saves with three year floater ◆ No NIP needed for Danske’s seven year tranche ◆ DNB’s €1bn print only just covered
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Pandora, Grenke, Hochtief and Philips join the scrum