Denmark

Nykredit found strong demand for its five year floating rate euro denominated tap. Demand for the deal was boosted by the fact that euro denominated Danish bonds with a bullet maturity are issued rarely.

Jens Peter Leschly Neergaard, global head of international banking at Danske Bank, will retire at the end of this year.

As fund managers fill their pockets with corporate leveraged finance debt, borrowers like BMC Software are taking advantage of strong conditions to slash funding costs across their financial structure.

TCM Group, the Danish kitchen maker, has priced its initial public offering on Nasdaq Copenhagen, at Dkr98 a share, giving it a market cap of Dkr980m (€132m).

On Wednesday morning, it was doom and gloom as secondary spreads had widened and only Vodafone dipped its toe into new issuance waters. But after a stable afternoon and a positive session in the US, Thursday morning brought calm.

Danish power company Ørsted has wasted no time in issuing under its new name after leaving the Dong Energy brand behind earlier in November. On Thursday the issuer sold a green hybrid and a green senior bond, as well as announcing a tender offer for its shorter dated bonds.

Danske Bank extended its covered bond maturity curve by more than five years on Tuesday, breaking with tradition to price in line with where SEB recently issued.

A rush of consolidation has swept through Europe’s payments processing industry in the past six months and the financing for two of the deals, the acquisitions of Nets and Paysafe, hit the leveraged finance market this week.

TCM Group, Scandinavia's third largest kitchen and bathroom furniture maker, has opened the books for its Nasdaq Copenhagen IPO of Dkr630m (€85m) to Dkr735m (€99m).

Guarantor: All Danish municipalities and regions

KommuneKredit and Erste Abwicklungsanstalt rounded out this week’s dollar issuance in what has become typical fashion for trades over the last few days — oversubscribed books and tightened pricing. But KommuneKredit’s deal featured a novel aspect that SSA bankers hope other issuers will embrace.

There were several large equity block trades on Wednesday night this week, including a rare sale of shares in one of Russia’s biggest steel companies.