Danske Bank
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ESG trades were again the dominant format in Europe’s high grade corporate bond market on Thursday, with railway product maker Wabtec Transport and property developer Citycon printing green debt. -
European banks made the most of an improving tone in the euro market this week, piling on top of one another to access funding in a small but supportive window.
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Investors backed a small additional tier one deal from Jyske Bank on Wednesday, allowing the Danish bank to squeeze its coupon into a tight level.
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Sinch, the Swedish cloud-based communications services company, has raised Skr9.4bn (€926m) to fund M&A opportunities following an overnight share sale anchored by major investors.
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DLR Kredit is set to tap the market for non-preferred paper as it looks to refinance maturing paper that counts towards its regulatory debt buffer.
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A trio of firms slipped into the market to place senior paper this week, and with spreads threatening to creep wider, bankers were keen to see lenders make use of the windows available.
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Large European banks shifted their funding focus to the dollar market this week, printing stunning deals as the euro market showed it was more sensitive to signs of tighter monetary policy. Tyler Davies reports.
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A pair of infrequent euro borrowers, Virgin Money and SBAB Bank, tapped the market for €500m no-grow bonds on Thursday, landing deals at significantly tighter spreads compared with their last euro outings.
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Finland’s Aktia Bank sold its inaugural additional tier one (AT1) note this week, raising a small sized deal with a sub 4% coupon.
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Société Générale was looking to issue an additional tier one (AT1) in dollars on Tuesday, as European banks find room to place risky subordinated debt despite the trickier backdrop in financial markets.
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Finland’s Aktia Bank is preparing to sell its inaugural additional tier one note (AT1), having mandated a pair of Nordic banks to sound out investor interest.
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The IPO of Trifork, the Danish software company, on Nasdaq Copenhagen is oversubscribed on the full deal size, according to a source close to the deal.
