SEB top stories

• Leverage in high yield hits 2007 highs, says SEB

  

  Record numbers of speculative grade bonds have exceeded the limits of the European Central Bank's leveraged lending guidelines, research from SEB showed this week.

  • 13 Dec 2018

• NWB USD500m 3.125% Dec 22 water bond

  • 29 Nov 2018

• AfDB, NWB on screens for SRI, CPPIB looks to 2019 for euro green

  African Development Bank and Nederlandse Waterschapsbank hit screens on Monday for SRI bonds. Meanwhile, CPPIB Capital will aim to issue its first green bond in euros early next year, following the conclusion of a pan-European roadshow last month.

  • 26 Nov 2018

• BNG undersubscribed amid ‘uncertainty’

  Bank Nederlandse Gemeenten failed to reach full subscription for its €750m November 2025 sustainability bond this week, with the issuer attributing the lack of orders to the volatile market conditions.

  • 22 Nov 2018

• Kommuninvest nips in before Thanksgiving, NWB mandates for water bond

  Kommuninvest took advantage of the lack of competing SSA supply on Wednesday to price a long three year dollar trade ahead of the US holidays. Meanwhile, Nederlandse Waterschapsbank has appointed banks to arrange investor calls for its annual water bond.

  • 21 Nov 2018

• SRI takes centre stage in SSA

  Socially responsible investment deals were the focus of attention in the primary SSA market this week, as the World Bank and the Flemish Community of Belgium sold well-received green and sustainability bonds, respectively. Bank Nederlandse Gemeenten and Eurofima have added to the public sector SRI pipeline, which is showing no signs of slowing down as the year end approaches.

  • 15 Nov 2018

• Hansa Medical trades up after €66m block

  In an otherwise barren week for block trades, Hansa Medical, the Swedish biotechnology company, raised Skr399.8m of fresh capital to fund product development. The deal also provided an opportunity for Nexttobe AB to sell a portion of its stake in the company.

  • 14 Nov 2018

• BOC sells landmark Greater Bay Area bond

  Bank of China returned to the bond market with a multi-tranche, multi-currency bond this week, making clear that its funding needs and its role as a flag-bearer of Chinese policy overseas are inextricably linked. Morgan Davis reports.

  • 14 Nov 2018

• World Bank doubles up for green return

  World Bank hit both the euro and dollar markets on Tuesday for its first syndicated green bond in over three years. Onlooking bankers were surprised by the level of demand for the euro tranche given what they claimed was aggressive pricing.

  • 13 Nov 2018

• Tele2 wires euro bond for Swedish merger

  Nordic and Eastern European telecoms group Tele2 is planning to fund its acquisition of peer Com Hem with its first bond in euros, as borrowers return from earnings blackouts leading to more activity in the primary markets.

  • 23 Oct 2018