SEK in the news

  • GC BondMarker: featuring the post election deal flood

    The week commencing May 8 brought a wave of public sector borrowing. The victory of Emmanuel Macron in the French presidential election caused a wave of relief and signalled a blazing green light for issuance. See how the deals fared on GC BondMarker.

    • 18 May 2017
  • Thrill-seeking Japanese investors behind rouble rally

    Japanese investors are snapping up Russian rouble MTNs and Uridashi in their search for higher yields, with SSAs the beneficiaries.

    • 18 May 2017
  • SEK USD1.5bn 1.75% May 20

    • 11 May 2017
  • Dollar delight as swap spread moves and volatility brushed off

    Volatility late in the week failed to dampen a scorching few days of public sector dollar issuance, auguring well for more expected supply in the currency next week. Four issuers — some of which came this week to avoid other trades pencilled in for next week — were able to price deals at tight levels, with some coming through their curves.

    • 11 May 2017
  • SSAs dictate terms in dollars

    Public sector issuers “can do whatever they want” in a rampant dollar market, with investors ploughing into books despite deals pricing close to or flat to their curves.

    • 10 May 2017
  • SSAs storm back into dollars

    Public sector borrowers are rushing back into dollars after a quiet few weeks for the currency, with a trio of issuers taking indications of interest for Wednesday business.

    • 09 May 2017
  • Funding scorecard: Nordic agencies

    This week's funding scorecard looks at the progress Nordic agencies have made in their funding programmes.

    • 05 May 2017
  • SEK back in sterling as investors watch FX

    Swedish Export Credit Corporation (SEK) has returned to sterling for a tap of a December 2020 line, as investors’ confidence in the currency grows.

    • 03 Apr 2017
  • Inflation knocks shine off sterling SSA market

    A higher than expected UK inflation rate led to a sell-off in Gilts this week, a move that may put an end to what has been a remarkable run of traffic in sterling SSA bond issuance.

    • 23 Mar 2017
  • Asian interest sparks Kangaroo activity

    Japanese investors on the hunt for European SSA credit drove a flurry of long dated Australian dollar deals on Wednesday.

    • 22 Mar 2017
  • SEK launches sterling offer as Scottish independence rears head

    Svensk Exportkredit (SEK) hit screens for a sterling deal on Monday, raising £250m with a one day execution despite the announcement that the Scottish government will seek a second independence referendum.

    • 13 Mar 2017
  • Dollar floaters find favour in MTNs

    Short dated US dollar floating rate notes proved a popular product in the MTN market this week as some investors sought protection against a likely policy rate hike.

    • 09 Mar 2017
  • SEK USD1.4bn 2.375% Mar 22

    • 02 Mar 2017
  • SSAs enjoy ‘Goldilocks’ conditions in dollars, as March Fed hike looms

    US President Donald Trump’s first speech to Congress, a remarkable switch in Federal Reserve rate expectations and swap spreads falling from their early week highs all failed to derail a stellar week for public sector dollar issuance. More trades are expected to come next week, before the market quiets ahead of the Fed’s next rate decision and a Dutch general election where the far-right Party for Freedom (PVV) is expected to perform well.

    • 02 Mar 2017
  • SEK sears through with tight fives as FMS-W readies in twos

    Swedish Export Credit Corporation on Thursday added another cracking deal to a super strong week for dollar issuance, as FMS Wertmanagement lined up to take benchmark supply in the currency into Friday.

    • 02 Mar 2017
  • CEB and SEK hit short end in dollars

    Public sector borrowers hit screens with dollar deals on Monday that are in keeping with a market that has been very much focused on the short end of the curve over the last few weeks.

    • 26 Sep 2016
  • SEK USD1.3bn 1.125% Aug 19

    • 25 Aug 2016
  • EIB reopens jumbo dollars as market prays for dull Jackson Hole

    The European Investment Bank this week cut the ribbon on the post-summer market for large dollar benchmarks, although there were more than a few nervous glances ahead to this Friday’s Jackson Hole speech by US Federal Reserve chair Janet Yellen.

    • 25 Aug 2016
  • SEK says OK to enlarged bond

    Swedish Export Credit Corporation had to boost the size of a deal on Wednesday as investors flocked into its books, adding to a strong run for short dated dollar issuance over the last few weeks.

    • 24 Aug 2016
  • Jumbos return as market readies for September rush

    The European Investment Bank returned to capital markets with a splash on Tuesday, indicating that, what passed for 2016’s summer break is coming to an end.

    • 24 Aug 2016

Dealer League Table SEK

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 May 2017
1 TD Securities Inc 667.03 4 8.56%
2 Daiwa Securities 407.70 2 5.23%
3 BMO Capital Markets 399.13 2 5.12%
4 Citi 385.42 2 4.95%
5 Natwest Markets Corp & Investments Banking (Old) 374.03 1 4.80%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Barclays 10,691.12 15 8.76%
2 BNP Paribas 10,516.31 14 8.62%
3 Citi 10,121.17 12 8.30%
4 HSBC 9,193.03 13 7.53%
5 JPMorgan 8,809.30 12 7.22%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 15 May 2017
1 JPMorgan 25,552.69 63 5.96%
2 Citi 24,119.11 60 5.63%
3 Deutsche Bank 17,545.97 37 4.09%
4 HSBC 16,628.60 40 3.88%
5 Barclays 13,251.34 33 3.09%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,518.92 50 8.33%
2 BNP Paribas 21,790.92 38 8.06%
3 Barclays 21,543.33 50 7.97%
4 HSBC 19,548.33 56 7.23%
5 UniCredit 18,534.46 46 6.86%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Apr 2017
1 JPMorgan 39,067.52 180 8.50%
2 Citi 32,458.25 115 7.06%
3 Barclays 30,658.65 76 6.67%
4 Deutsche Bank 29,302.58 107 6.38%
5 HSBC 28,071.48 101 6.11%