Finland
-
The World Bank appointed banks on Tuesday to lead its first 10 year dollar benchmark in almost two years to join a flurry of SSAs who have recently ventured into this rarely visited part of the curve in the currency. Meanwhile, Finnvera has mandated banks for its second syndicated trade of the year. -
The European Systemic Risk Board is concerned that covered bonds could be fuelling financial imbalances — a claim that some analysts find tenuous. They do, however, agree that house prices are overvalued, particularly in some Nordic countries where the ESRB has identified a risk of financial contagion.
-
This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes by the middle of September.
-
-
Issuance is starting to resume after the summer break; however, this week a booming public market drew away investor and issuer attention from MTNs. Despite this, a range of established SSA, FIG and corporate borrowers have slipped in, with deals across core, niche and EM currencies.
-
Following its latest euro syndication, the Republic of Finland is looking at a possible return to the dollar market after a two year absence. On Wednesday, demand for the sovereign’s latest bond was high as it printed through the ECB deposit rate to sell “the most expensive syndication of all time”, according to a banker on the deal.
-
-
Following what a banker on Wednesday's euro bond called the ‘richest syndication of all time’, the Republic of Finland is looking at a possible return to the dollar market.
-
Finnish nuclear power company Teollisuuden Voima (TVO) got a warm reception from the investors on Wednesday, when it sold €550m of senior unsecured notes after a 20bp tightening from initial price thoughts.
-
Demand for the Republic of Finland’s latest bond was high on Wednesday as it printed through the ECB deposit rate to sell “the most expensive syndication of all time”, according to a banker on the deal. The five year note came 29.9bp richer than Austria’s previous record holding deal, another five year note sold in June.
-
A flight to safety is underway leaving little support for the riskier bits of leveraged finance. A Finnish nuclear power company is, however, marketing a deal in the high yield bond market and one investor told GlobalCapital he expects to see others follow suit rather than tap the loan market.
-
This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes.
