Finland
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Euro and dollar benchmarks issued by Nordea, Lloyds, Korea Housing Finance Corporation (KHFC) and SMBC on Tuesday was a fillip for covered bond market participants suffering through volatile credit market conditions that have caused price expectations to fall. -
Finnish local government lender Municipality Finance has appointed its first chief economist. The creation of the role responds to new guidance from the European Central Bank for MuniFin to have a better outlook on the market.
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This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes.
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Insurance companies are finally picking up bond issuance after a first quarter that suffered the lowest issuance volumes since 2017. Finnish firm Sampo was the latest issuer this week.
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Sampo Group started to meet investors on Thursday, aiming to print a tier two note. ASR Nederland was the last insurer to raise tier two capital, in a deal that was more than 10 times oversubscribed.
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Walter Ahlström is joining Swedbank as its new head of corporate finance in Finland, as part of its strategy to grow its equity capital markets business and team. He is joining from Carnegie, where he had worked in Finnish ECM. He had been there for nearly four years.
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Kingspan, an Irish insulation company, has made a €700m offer for two units of Belgium’s Recticel, but will sell one of them if the deal goes ahead.
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This week's scorecard looks at the progress Nordic agencies have made in their 2019 funding programmes.
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Finnish local government lender Municipality Finance has announced it is preparing to launch a social bond programme.
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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.
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Oma Savings Bank proved popular on its return to the euro covered bond market on Wednesday, allowing it to hit the upper end of its size ambitions and only pay a slim premium to investors.
