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  • Merck hybrid gets €11bn book amid risk rally sparked by Draghi

    Investors hoovered up two German hybrid capital issues on Tuesday, in a receptive market spurred on by dovish comments from European Central Bank president Mario Draghi. They were of very different stripes: a €1.5bn dual tranche issue from Merck, the pharmaceutical company, which was about 7.5 times covered, and a £400m issue from Aroundtown, the property company.

    • 18 Jun 2019
  • Swedish krona issuers look to beat midsummer close

    An infrequent Swedish corporate issuer, a Nordic bank, and a German car manufacturer all placed floaters larger than Skr1bn ($106m) in the last week. Swedish krona bonds have been popular with both public and private issuers in recent weeks, as both issuers and investors rush to get business done before the traditional midsummer market closure.

    • 11 Jun 2019
  • Covered bonds explode amid lower expectations

    Euro and dollar benchmarks issued by Nordea, Lloyds, Korea Housing Finance Corporation (KHFC) and SMBC on Tuesday was a fillip for covered bond market participants suffering through volatile credit market conditions that have caused price expectations to fall.

    • 11 Jun 2019
  • Netherlands sails through debut green bond

    The Netherlands got a huge reception for its highly anticipated inaugural green bond on Tuesday, with a final book of over €20bn that allowed the sovereign to issue at the upper end of its target.

    • 21 May 2019
  • Plain sailing for Commerz, Nordea, while BNPP tightens too far for some

    Commerzbank did not appear hindered by uncertainty around its future in its senior preferred issue on Tuesday, while Nordea picked up green demand for its own offering. Meanwhile, BNP Paribas drove in pricing on its senior non-preferred deal, and ended up turning off some investors altogether.

    • 21 May 2019
  • Carrefour takes lion's share, SBB gets by

    After a couple of slow weeks for corporate bond issuance in Europe, the pace quickened somewhat on Tuesday, with two €500m no-grow issues. One was from a familiar name - Carrefour, the French supermarket chain - the other from a new one, Samhällsbyggnadsbolaget i Norden, a Swedish residential property company founded only in 2016.

    • 07 May 2019
  • Millicom, high yield and EM-focused, plans sustainable bond

    Millicom International Cellular, the emerging markets-focused telecoms group, is planning to issue its first sustainable bond. It published a Sustainability Bond Framework on Tuesday and will issue with a high yield rating.

    • 01 May 2019
  • Dometic uses empty market to price bond near fair value

    Dometic Group, the Swedish company that makes appliances for mobile homes, started the week by launching a €250m seven year high yield bond that was tightly priced, perhaps partly because the credit market was otherwise fairly quiet.

    • 29 Apr 2019
  • Finnvera EUR1bn 0.375% Apr 29

    • 04 Apr 2019
  • ERG’s debut green, Norsk Hydro two parter win keen bid

    Two renewable energy companies achieved successful euro bond issues on Thursday. Norsk Hydro, the Norwegian aluminium and renewable energy firm, and ERG, the Italian wind energy group, issuing in green format, both tightened their prices and finished with plenty of over-subscription in their books.

    • 04 Apr 2019

Nordea Markets In The Key League Tables

Asset Rank STLY Amount $m No of issues Share % STLY Share %
  • Last updated
  • 21 May 2019
Bookrunners of European Leveraged Loans 21 66 719.98 6 1.38% 0.05%
Syndicated Loan Revenue - EMEA 23 28 8.46 26 1.60% 0.99%
Bookrunners of European DCM 22 22 14,431.72 195 1.60% 1.44%
European Sovereign Bonds 20 20 979.78 2 0.88% 1.41%
Bookrunners of Global Covered Bonds 17 11 3,478.13 37 2.76% 3.44%
Bookrunners of Euro Denominated Covered Bond Above €500m 20 18 1,199.93 5 1.77% 1.88%
Bookrunners of European Subordinated FIG 17 26 481.25 6 0.79% 0.29%
Bookrunners of European HY Bonds 16 17 616.45 18 2.16% 2.31%
Bookrunners of All Syndicated Loans EMEA 20 36 3,579.83 17 1.85% 0.49%
Bookrunners of European Marketed Syndicated Loans 20 36 3,579.83 17 1.85% 0.49%
Bookrunners of Euro Denominated Corporate IG Bonds 25 34 1,602.12 9 1.05% 0.33%
Bookrunners of European Corporate IG Bonds 23 28 3,121.60 50 1.76% 0.99%
Dealer League Table EIB 18 16 368.11 2 1.09% 1.73%
Dealer League Table KfW 19 21 468.54 2 0.94% 0.45%
Dealer League Table L-Bank 6 149.47 1 5.02%
Dealer League Table Rentenbank 7 273.81 2 4.94%
Dealer League Table Kommunekredit 1 6 384.73 1 21.78% 7.62%
Dealer League Table Kommuninvest 1 4 499.65 2 26.68% 12.34%

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 189,911.09 841 8.13%
2 Citi 180,336.48 737 7.72%
3 Bank of America Merrill Lynch 150,026.03 618 6.42%
4 Barclays 142,467.32 568 6.10%
5 HSBC 119,450.83 621 5.11%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 21,924.17 77 8.18%
2 BNP Paribas 19,758.95 84 7.38%
3 Bank of America Merrill Lynch 17,614.25 49 6.58%
4 Deutsche Bank 12,953.29 48 4.84%
5 UniCredit 12,369.61 66 4.62%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 6,404.49 28 10.34%
2 JPMorgan 5,770.67 35 9.31%
3 Goldman Sachs 5,595.50 27 9.03%
4 UBS 4,134.32 20 6.67%
5 Citi 4,045.71 28 6.53%