Nordea top stories

• Danish auction offers last chance to buy biggest ever covered bond

  

  Danish covered bond auction season is underway with Nykredit and Nordea announcing sales. August’s auctions also provide the last opportunity to buy certain 30-year callable bonds, of which one is the largest covered bond ever issued.

  • 06 Aug 2020

• Covid-19: SSA response bonds

  Sovereign, supranational and agency bond issuers are mobilising their resources to support the fight against Covid-19. The below table details the bonds they have issued, specifically in response to the coronavirus pandemic.

  • 27 Jul 2020

• UBS spots AT1 opportunity in Reg S dollars

  UBS Group opened books on new additional tier one (AT1) on Wednesday, as it looked to hoover up demand from yield-starved investors in the Reg S dollar market.

  • 22 Jul 2020

• Fast-growing Oatly’s sustainable loan is the real deal, says CFO

  Oatly, the Swedish oat milk producer, is taking on debt to finance building two new factories with its first ever syndicated loan, and naturally chose a sustainability-linked instrument, its chief financial officer said. Those hoping for an IPO will have to wait a while longer.

  • 13 Jul 2020

• Klaveness signs Norwegian sustainable first

  Klaveness Combination Carriers, a Norwegian shipping company, has signed what it claims to be the first sustainability-linked bank loan for the sector in Norway, as the outlook remains gloomy for global shipping.

  • 07 Jul 2020

• Oatly milks capital markets for SLL with debut deal

  Oatly, the Swedish company that makes oat milk, has signed a Skr1.925bn (€184m) club loan, on which the pricing can be adjusted if it hits sustainability targets.

  • 03 Jul 2020

• Corporates light up bond market in run-up to blackouts

  Europe’s investment grade corporate bond market acquired a more cheerful tone on Tuesday, with new issues well oversubscribed, despite quickly shifting sentiment.

  • 30 Jun 2020

• IDA debuts in Swedish krona mart

  The International Development Association (IDA) has tapped the Swedish krona market for the first time as it prepares to increase its funding programme for the 2020-21 fiscal year.

  • 18 Jun 2020

• Bank funding: TLTRO to whack euro covered bond supply

  Market participants expect European banks to take a large chunk of funding through the European Central Bank’s Targeted Longer-Term Refinancing Operations (TLTRO III) programme, hitting covered bond supply levels. But issuance in other asset classes should remain unaffected as banks follow through with their funding plans.

  • 11 Jun 2020

• Nordea leads the way in dollars with deeply negative NIP

  Nordea Bank took advantage of very attractive conditions in the dollar market this week to price a new senior deal at a spread that was well below the fair value implied by secondary trading levels.

  • 04 Jun 2020