Swedbank

HSBC leads Yankee charge as banks took advantage of tight spreads to bring forward 2025 funding plans and fulfil some of their riskier commitments

◆ Friday execution seen as precursor of issuers' keenness to print before US vote ◆ Handelsbanken issues rare green tier two with no new issue premium ◆ Swedbank comes close to fair value, if not a touch above, in first euro senior non-preferred of 2024

The troubled Swedish landlord is targeting an €800m market cap for its residential real estate arm

◆ Bankers focused on attrition levels ◆ NAB ‘better than expected’ amid UK interest ◆ Swedbank tests FRN appetite

Swiss franc bond investors take lower interest rates in their stride as hunt for duration continues

Swedish issuer bags largest ever print in single currency with first syndication of 2024

◆ Swedish lender prints $650m Reg S deal well inside fair value estimates ◆ Jyske prices largest ever AT1 deal ◆ Lower volume of Nordic capital supply and benign market conditions act as tailwinds

◆ Four deals attract €12bn of demand ◆ JPM resuscitates Reverse Yankee bank sales after five-month hiatus ◆ Bank of Ireland scores largest oversubscription and pays lowest premium

◆ Improved tone lures local lenders in size ◆ Yankee arb possible again ◆ European trio steps up Yankee printing on Thursday

Swedish firms scores substantial 20bp-30bp saving versus euros

Investors show preference for paper with rarity value paying a premium

More foreign banks are preparing to issue in Japan as local investors show strong appetite