Nordics
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◆ Danish biotech prints three tranches along the curve ◆ Seven year bond proves the sweet spot ◆ Proceeds to refinance €1.5bn acquisition bridge -
◆ Three companies push through single tranche deals ◆ Vestas takes the biggest book of the trio ◆ Issuers cough up extra concessions
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◆ Last krona syndication conducted in 2021 ◆ Issuer presses ahead in pre-selected window despite war ◆ Foreign currency bond left to do in 2026
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Prime week for euro funding as four issuers line up 16 tranches
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◆ Norwegian bank increases size ◆ Issuer meets spread objective ◆ Banker said he drew confidence from secondaries
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◆ Record-breaking reset spread ◆ Issuer sails through previous 300bp barrier despite investor resistance ◆ Minimal new issue premium
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Recent Italy syndication prompts talk of change in how sovereigns manage syndicates
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◆ German chipmaker takes €2bn with five, eight and 11 year deal ◆ Curve's shape contributes to strong outcome ◆ Real estate firm Balder lands flat long five year
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◆ Finnish bank tightened by 7bp through execution ◆ Banker said FRV not easy to calculate ◆ Second banker cited recent strong Nordic covereds
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◆ 52bp reoffer equals Nordea’s multi-year record ◆ ‘Insane’ levels show FIG spread compression, rival banker said ◆ Buy-and-hold investors prioritised
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◆ Issuer returns after Swiss franc debut on Monday ◆ Spread tightened 40bp–45bp from IPTs ◆ New issue premium debated
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Carmaker prints biggest corporate deal in the currency so far this year
