Nordea Markets
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Hellman & Friedman is acquiring a majority stake in the Swedish company Securitas Direct with a €2.7bn financing package involving bonds and loans. -
Bravida is set to obtain a SEK4bn (€430m) five year unsecured term loan facility in connection with its planned initial public offering this month.
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Swedish Covered Bond Corp (SCBC) and Bankinter issued €750m covered bonds this week, but after record issuance, their limp receptions may cause others to postpone funding plans.
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Shipping company Odfjell SE has agreed a $112m term loan facility to refinance existing loans on three of its vessels.
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European banks have been the mainstay of the Samurai market over the last 12 months, and the market has repaid them with loyalty. When European markets were shut during the Greek crisis, Japan stayed open for familiar names, rewarding those who have made the effort to build relationships and a track record. Here, eight issuers and two banks describe their experience.
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A pair of European banks have printed private medium term notes in yen after several years away from the currency.
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Covered bond issuers failed to take heed of poor market conditions and, just like lemmings, followed one another with poorly performing deals this week.
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Statkraft, the Norwegian state electricity company, made a successful venture into an uncertain corporate bond market with a defensive €500m no-grow bond on Monday.
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Finnvera took its first ever billion sized bite of a core currency bond on Tuesday, enticing investors with a juicy pick-up over its sovereign’s curve.
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Com Hem, the Swedish cable company, plans to redeem €187m of notes issued by its subsidiary NorCell Sweden Holding 2, using new and existing loans, reducing its interest costs by 100bp.
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Statkraft, the Norwegian state electricity company, made a successfully defensive venture into an uncertain corporate bond market with a €500m no-grow bond on Monday.
