Swedbank AB top stories

• SSAs kick off 2021 MTN market

  

  MTN issuance out of Asia and Sweden provided some of the week’s bright spots in what was otherwise a quiet start to the year. With the public market now in full swing, bankers expect the private placement market to get up to speed in the coming weeks.

  • 08 Jan 2021

• Non-preferred issuance favoured amid quiet start for FIG

  Non-preferred senior and holding company issuance was the focus for bank borrowers in euros this week, in what has been a slow start to the year by FIG market standards. With cheap central bank funding on offer, issuers have opted to start their funding programmes by filling their regulatory buckets.

  • 07 Jan 2021

• KBC hits euros for bail-in debt as FIG makes quieter start

  A holding company-level deal from KBC Group on Thursday became the latest in a slew of senior non-preferred and holding company bank issuance in euros this week, in what has been a slow start to the year by FIG market standards.

  • 07 Jan 2021

• Household names pave way for rarer FIG borrowers

  A pair of senior non-preferred bonds from Swedbank and Société Générale on Tuesday followed Monday’s opener from ING. With three household names now having established pricing points, rarer borrowers are starting to fill the pipeline.

  • 05 Jan 2021

• Citycon refis loan and prints hybrid with ratings under threat

  Citycon Group, the Nordic shopping centre company, has signed €500m of revolving credit facilities. It wants to shore up its balance sheet as it teeters on the edge of a junk rating.

  • 18 Nov 2020

• Sweden lines up following Gothenburg green trade

  The Kingdom of Sweden will come to market on Wednesday for a new 25 year Swedish krona benchmark, coming on the heels of a green bond from the City of Gothenburg.

  • 11 Nov 2020

• Nordic banks to finish 2020 with PPs

  Nordic banks are likely to focus on smaller private placements for the rest of the year, with many already having enough liquidity that they do not need to print new benchmarks.

  • 15 Oct 2020

• Record year for Swedish krona SSA bonds

  Swedish krona SSA volumes are at a record high this year, spurred on by a handful of jumbo supranational deals sold at wider spreads during the second quarter. However, the market has since tightened, and bankers expect it to have a more muted end to 2020.

  • 08 Oct 2020

• BNPP attracts ‘diverse’ book for green deal

  BNP Paribas made use of a conducive backdrop this week to build a strong orderbook for a new green non-preferred senior deal.

  • 07 Oct 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.

  • 22 Sep 2020