Nordea Markets
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◆ First euro print for the sovereign since 2022 ◆ Focus on price over size ◆ Euro all-in cost proves attractive -
Favourable conditions could encourage pre-funding for 2025
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◆ Pan-Nordic issuer ‘deliberately’ waits after the Fed ◆ Rivals’ rallying AT1s provide tailwind for price compression ◆ Investors keen on debt capital
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◆ Spreads too good for banks to regret issuing ◆ One of the busiest September starts in US FIG ◆More than a dozen foreign banks print over $27bn in just three days
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◆ Kommuninvest spread surprises bankers ◆ KommuneKredit takes twice covered book ◆ ‘A tough one at the moment’ for euros
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Bankers split on expectations as ‘everyone has been in the market’
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◆ Missing fast money causes problems ◆ Fair value is a moving target ◆ SEK sails through with no-grow
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Notes and ABCP refinancing sustainability-linked loans are based on detailed, public thresholds for ambition
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Election jitters proved costly to jumbo issuer as peers postpone deals
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Bloc's syndication will be 'good for the market' and watched 'very closely'
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◆ Green label helps Nordea to tightest euro tier two of 2024 ◆ Investors buying at fair value after November intro ◆ Portuguese insurer Fidelidade meets investors ahead of debut green RT1
