SEK in the news

  • Funding scorecard: Nordic agencies

    This week's funding scorecard looks at the progress Nordic agencies have made in their funding through the first half of 2017.

    • 14 Jul 2017
  • 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

Dealer League Table SEK

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 TD Securities Inc 667.03 4 17.10%
2 Daiwa Securities 407.70 2 10.45%
3 BMO Capital Markets 399.13 2 10.23%
4 Citi 387.22 3 9.93%
5 NatWest Markets 374.03 1 9.59%

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 Citi 14,891.10 17 9.36%
2 HSBC 13,214.67 18 8.30%
3 Barclays 12,759.91 17 8.02%
4 BNP Paribas 12,133.14 16 7.63%
5 JPMorgan 10,064.78 13 6.33%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 Citi 34,249.78 84 12.02%
2 JPMorgan 30,938.47 81 10.86%
3 HSBC 22,416.83 55 7.87%
4 Bank of America Merrill Lynch 20,817.31 63 7.30%
5 Deutsche Bank 19,672.75 44 6.90%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Jul 2017
1 BNP Paribas 44,660.25 134 7.09%
2 HSBC 43,386.57 158 6.89%
3 Barclays 42,008.53 135 6.67%
4 JPMorgan 39,789.56 124 6.31%
5 Citi 36,838.62 118 5.85%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Citi 65,312.22 223 7.51%
2 JPMorgan 64,705.99 351 7.44%
3 HSBC 56,834.76 211 6.54%
4 Barclays 49,199.38 146 5.66%
5 Bank of America Merrill Lynch 46,028.22 140 5.29%