DNB Bank
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A change in regulation has prompted DNB to redeem long-held legacy bonds that it counted as tier two capital -
DZ prices 36bp inside Oberösterreichische as the third consecutive trio of deals lines up
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Relieved market enjoys a rally, but weaker names are still out of favour
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◆ Norwegian national champion pays 5bp-10bp NIP ◆ DNB thought to have limited the issue size ◆ Market sentiment better on Tuesday but not conducive for lower tier issuers
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Banks itching to issue as they fight for investor attention to keep premiums tight
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◆ Outcome supported by earnings and market sentiment ◆DNB completes half of its SNP funding need with single digit NIP ◆ Beneficial timing
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◆ DNB's tier two attracts largest unsecured book of the day ◆ Norwegian note tightest in the format in eight months ◆ Is this a potential sweet spot for subordinated paper?
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Hearing aid maker raised equity to pay off debt after shareholders opposed rights issue
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Norwegian investment firm has yet to decide on IPO, according to CEO
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The bank will call four instruments issued in the 1980s, giving up a source of cheap funding
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Single digit premiums are back on the table for senior bank funders
