Finland

Danske Bank in Finland, formally known as Sampo Housing Loan Bank, has mandated leads for its first covered bond since September 2012. Meanwhile, La Caisse Centrale Desjardins du Quebec (CCDJ) has also mandated.

Evli Pankki, the Finnish investment bank, launched its IPO on Monday November 16, hoping to raise €14.2m by floating on the main list of Nasdaq OMX Helsinki.

Mortgage Society of Finland (Suomen Hypoteekkiyhdistys) has mandated for what would be a debut senior unsecured issue in euros, as covered bonds dominated FIG primary activity on Monday.

Two issuers made opportunistic moves in sterling on Tuesday with one offering investors a rare 2020 and the other a tap.

Two issuers made an opportunistic move in sterling on Tuesday, taking a combined £400m with a tap and a new issue.

Finnish real estate company Sponda has signed an €80m unsecured loan agreement with three banks to refinance a syndicated loan that matures this month.

Finnish real estate company Sponda has signed an €80m unsecured loan agreement with three banks to refinance its syndicated loan that matures this month.

Finland’s Municipality Finance has edged nearer to its funding goal for the year with a pair of Norwegian krone bonds, its first prints in the currency since early 2014.

Aktia Bank launched and priced its first ever Swedish krone bond on Monday, in a deal that could trigger more issuance in the currency as borrowers hunt for investor diversity.

Aktia Bank has agreed to buy the remainder of its subsidiary, Aktia Real Estate Mortgage Bank (Aktia REMB), by 2017. As a result Finland’s savings banks will refinance their own mortgages by establishing a new covered bond issuing institution, expected to be called SP Mortgage Bank, which will start issuing from next year.

Covered bonds issued this week by Nordea Finland and DNB Boligkreditt went surprisingly well as, despite being the largest ones on offer, they were the most highly oversubscribed and subsequently posted the best performance.

A second European issuer in as many working days has pulled back from the corporate bond market, blaming challenging market conditions.