Nordics
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Sweden’s national debt office announced on Thursday that it will extend its government bond curve to 50 years via a syndication in June. -
European banks made the most of an improving tone in the euro market this week, piling on top of one another to access funding in a small but supportive window.
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Finnish financial services group Sampo has offloaded €1.37bn of shares in Nordea, the largest bank in the Nordic region, as part of its planned exit from the group.
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Sinch, the Swedish cloud-based communications services company, has raised Skr9.4bn (€926m) to fund M&A opportunities following an overnight share sale anchored by major investors.
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DLR Kredit is set to tap the market for non-preferred paper as it looks to refinance maturing paper that counts towards its regulatory debt buffer.
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Danish software company Trifork is closing the books on its Dkr1.06bn (€140m) IPO on Nasdaq Copenhagen.
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Large European banks shifted their funding focus to the dollar market this week, printing stunning deals as the euro market showed it was more sensitive to signs of tighter monetary policy. Tyler Davies reports.
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Two SSA issuers were expected to follow Tuesday’s outing in euros from the EU, but only one elected to brave the market on Wednesday.
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The IPO of Trifork, the Danish software company, on Nasdaq Copenhagen is oversubscribed on the full deal size, according to a source close to the deal.
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Market participants expect to see the end of “vanilla” deals in the European bank bond market, as tier two debt becomes the latest asset class to embrace call periods over call dates.
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Danske Bank set a careful foot into the Reg S dollar additional tier one market this week, in the wake of a difficult trading session for global equities.
