Norway
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◆ Deal makes ‘good sense’ from an arb perspective ◆ First time out in sterling for more than a year ◆ £350m deal size larger than expected -
Sustainability links will be added once framework is complete and published
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◆ Note is the issuer’s first in euros since 2022 ◆ Slim pick-up paid over larger peers ◆ Little impact from upcoming merger
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Slim pick-up over larger Nordic peers expected on what could be Sparebanken Sør’s final euro outing
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◆ New 10 year issued every year since 2014 ◆ Pricing comes close to flat ◆ One more syndicated offering planned
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Swiss franc bond market records busiest January since 2011
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World Bank, KBN and AFL are the latest names to join the party
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◆ Book crosses €3bn after 45 minutes ◆ Investors eager to buy any and all covered bonds ◆ Demand allows for next to no premium
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Norwegian aluminium company thunders through fair value despite threat of US policy changes
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Loan replaces a conventional revolver that was due in 2025
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Order books for the deal bulged, despite the time of year
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Bund-swap moves will put tight Nordic spreads under pressure next year
