Nordea top stories

• 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

• SSAs price quick and tight in euros amid ‘constructive’ backdrop

  Public sector borrowers were able to achieve zero or negative new issue premiums and close books early in the euro market on Tuesday as investors piled into haven assets amid a weaker outlook for global growth.

  • 02 Apr 2019

• Coventry takes control of AT1 as regulators loosen refi grip

  Participants in the financial institutions bond market were bewildered to see Coventry Building Society paying up to issue a new additional tier one and tender for an old one this week. But the transaction gave other issuers a window into how European rules on bank capital may be applied in practice — something that could pave the way for new and more liberal approaches to calling and refinancing AT1s, writes Tyler Davies.

  • 28 Mar 2019

• Banks feel their way to freedom on whether to call AT1

  Recent supply of additional tier one capital bonds has confirmed to investors that reset spreads are not the only game in town for banks, when it comes to deciding whether to leave an instrument outstanding beyond a call date.

  • 27 Mar 2019

• Nordea AM sees spread opportunities with new covered bond fund

  Nordea Asset Management’s European Covered Bond Opportunities fund has gotten off to a flying start, having been launched in February on the premise it would deliver twice the return of its low duration predecessor.

  • 25 Mar 2019

• Netherlands to sell debut green bond in May

  The Netherlands has targeted a window in May for its debut green bond, which will be sold through a Dutch Direct Auction.

  • 22 Mar 2019

• Kommuninvest SEK3.5bn 0.375% Mar 24 green bond

  • 21 Mar 2019

• AT1 refi frenzy shows how the shape of the market has changed

  A surge of additional tier one issuance this week shone a light on how activity in the market is going to shape up in the coming months and years — refinancing is now the main game in town.

  • 21 Mar 2019

• Kommuninvest has 'no plans' to extend krona green curve beyond five years

  Kommuninvest built out its Swedish krona green curve benchmark this week with its longest dated bond in the format. There is, however, an expectation that this Skr3.5bn ($382.3m) five year green bond could be the curve’s furthest extent.

  • 21 Mar 2019