SEK in the news
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KfW and SEK score in sterling despite tricky conditions
KfW and Swedish Export Credit Corporation (SEK) achieved strong results in sterling on Tuesday despite extremely volatile conditions in the currency as a result of uncertainty around the impact of Brexit and the rising cases of coronavirus in the UK, which has affected swap spreads and the cross-currency basis swap for non-UK borrowers.
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Funding scorecard: Nordic agencies
This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes in mid-December, with some issuers also setting their targets for 2021.
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Funding scorecard: Nordic agencies
This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes at the end of October.
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SSA secondary pricing update: OTFT dual tranche performs strongly
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, September 28. The source for secondary trading levels is ICE Data Services
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Funding scorecard: Nordic agencies
This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes in mid-September.
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SEK USD1bn 0.5% Aug 25
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SSAs jump into dollar market as higher yields entice investors
Two agencies were out with dollar mandates on Monday and more public sector borrowers could follow with deals this week as a rise in US Treasury yields boosts demand for SSA dollar bonds.
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SSA secondary pricing update: KfW and World Bank trade tighter
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, July 27. The source for secondary trading levels is ICE Data Services.
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Funding scorecard: Nordic agencies
This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes in late July.
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SEK takes $600m with four year arb deal
Swedish Export Credit Corporation kept the public sector new issues market open on Thursday as it came with an opportunistic four year dollar trade on the back of a strong week for dollar borrowers.
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ESM expected to hit red hot dollar market next week
The European Stability Mechanism is likely to use its funding window scheduled for next week to issue a dollar benchmark, according to SSA bankers.
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Oatly’s sustainable loan is real deal, says CFO
Oatly, the Swedish oat milk producer, is taking on debt to finance building two new factories with its first ever syndicated loan, and naturally chose a sustainability-linked instrument, its chief financial officer said. Those hoping for an IPO will have to wait a while longer.
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Oatly milks capital markets for SLL with debut deal
Oatly, the Swedish company that makes oat milk, has signed a Skr1.925bn (€184m) club loan, on which the pricing can be adjusted if it hits sustainability targets.
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Funding scorecard: Nordic agencies
This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes in June.
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Volvo Car gets state backing in loan market
Sweden’s Volvo Car, a car maker, has become the latest company under pressure from the coronavirus pandemic to sign a state-guaranteed loan, as bankers say that state support is essential to secure commercial bank loans for the worst affected sectors.
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Funding scorecard: Nordic agencies
This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes in early May.
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SSA secondary pricing update: L-Bank achieves strong performance
Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, April 6. The source for secondary trading levels is ICE Data Services.
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Nordic issuers adjust funding in response to Covid-19
Swedish Export Credit (SEK) joined the ranks of SSAs increasing their funding programmes in response to the Covid-19 crisis this week. Meanwhile, Norway’s Kommunalbanken (KBN) has dropped its target by $2bn as a result of a weakening Norwegian kroner.
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Funding scorecard: Nordic agencies
This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes at the start of the second quarter.
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IADB’s funding needs only marginally up despite $12bn coronavirus response package
The Inter-American Development Bank has added slightly to its 2020 funding programme following the announcement of a substantial lending package in response to the Covid-19 crisis.
Dealer League Table SEK
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | TD Securities Inc | 0.20 | 1 | 15.79% |
1 | RBC Capital Markets | 0.20 | 1 | 15.79% |
1 | BMO Capital Markets | 0.20 | 1 | 15.79% |
4 | Nordea | 0.18 | 1 | 14.00% |
5 | Nomura | 0.17 | 1 | 12.88% |
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Bank Profiles
Latest news by market and league table performance
European Sovereign Bonds
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | SG Corporate & Investment Banking | 4.88 | 3 | 16.63% |
2 | HSBC | 3.99 | 3 | 13.59% |
3 | JPMorgan | 3.00 | 3 | 10.22% |
4 | Citi | 2.89 | 2 | 9.85% |
5 | Barclays | 2.33 | 2 | 7.92% |
Dollar Denominated SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | Citi | 7.41 | 12 | 15.37% |
2 | Deutsche Bank | 4.69 | 6 | 9.73% |
3 | JPMorgan | 4.60 | 9 | 9.55% |
4 | BMO Capital Markets | 3.83 | 3 | 7.95% |
5 | BofA Securities | 3.72 | 5 | 7.73% |
Bookrunners of Euro Denominated SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | JPMorgan | 8.94 | 15 | 10.68% |
2 | HSBC | 8.30 | 9 | 9.91% |
3 | SG Corporate & Investment Banking | 7.46 | 7 | 8.91% |
4 | UniCredit | 7.12 | 11 | 8.50% |
5 | Citi | 6.84 | 7 | 8.17% |
Bookrunners of Global SSA (Excl US Agency)
Rank | Lead Manager | Amount $bn | No of issues | Share % |
---|---|---|---|---|
1 | Citi | 23.34 | 36 | 8.91% |
2 | JPMorgan | 22.50 | 56 | 8.59% |
3 | HSBC | 21.65 | 36 | 8.27% |
4 | Deutsche Bank | 21.15 | 30 | 8.08% |
5 | Barclays | 15.42 | 25 | 5.89% |