SEB top stories

• Barry Callebaut plumps for safer Schuldschein, reaps big harvest

  

  Barry Callebaut has taken €600m across three tranches in one of the biggest international Schuldschein transactions in the last 12 months. The Belgian-French chocolate company now based in Switzerland had roadshowed for a public benchmark sustainable bond in November, but opted instead for its first Schuldschein deal, as the risks of execution in the public market were too great.

  • 13 Feb 2019

• Scope for further covered bond tightening questioned

  SEB issued a seven year covered bond last week 9bp tighter than where DNB Boligkreditt was able to print at the start of this year, showing just how far spreads have rallied. Even though the market is still well supported, investors could soon become reluctant to chase the market even tighter.

  • 04 Feb 2019

• Green bond players size up chances of 2019 growth

  Green bond watchers are putting out their forecasts for issuance this year, hoping for a return to growth after a disappointing 2018. The year has started decently, with at least $6bn issued so far, including this week’s debut issue from Telefónica, hailed as the first from the telecoms sector.

  • 01 Feb 2019

• Covered bond market drools over Swedish pair

  Covered bond investors could not get enough of Swedish seven year deals issued this week by Swedbank and Skandinaviska Enskilda Banken. But whether record order books are being inflated remains a moot point.

  • 31 Jan 2019

• SEB succours on strong seven year demand

  Skandinaviska Enskilda Banken followed Swedbank with a seven year deal, printing a well oversubscribed €1.25bn covered bond on Thursday flat to its curve. The deal comes as Citi research suggested excess demand for covered bonds issued this month is at a record level.

  • 31 Jan 2019

• SSA SRI pipe builds after NIB’s new blue bond

  The socially responsible investment market in SSAs is picking up pace in 2019, with a supranational bringing a deal in a debut format and other issuers preparing inaugural trades.

  • 24 Jan 2019

• Levfin perks up as Independent Vetcare, Universidad Europea prep loans

  Leveraged finance markets in Europe are looking up, and bankers expect they may even see some deals priced before long.

  • 21 Jan 2019

• SEB hires new ECM head after Kosenko switches to DCM

  SEB has selected a new head of equity capital markets following Artem Kosenko’s move across to debt capital markets.

  • 15 Jan 2019

• Barry Callebaut opts for Schuldscheine over bonds

  Barry Callebaut, the chocolate company headquartered in Switzerland, has launched a triple tranche Schuldschein a month after a roadshow for a sustainable bond failed to produce a public market result.

  • 10 Jan 2019

• Saab rights issue ends 190% covered

  Swedish aerospace and defence company Saab has finished its Skr6bn (€581m) rights issue with enough demand to almost cover the deal twice over.

  • 20 Dec 2018