Nordics
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◆ Norwegian bank increases size ◆ Issuer meets spread objective ◆ Banker said he drew confidence from secondaries -
◆ Record-breaking reset spread ◆ Issuer sails through previous 300bp barrier despite investor resistance ◆ Minimal new issue premium
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Recent Italy syndication prompts talk of change in how sovereigns manage syndicates
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◆ German chipmaker takes €2bn with five, eight and 11 year deal ◆ Curve's shape contributes to strong outcome ◆ Real estate firm Balder lands flat long five year
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◆ Finnish bank tightened by 7bp through execution ◆ Banker said FRV not easy to calculate ◆ Second banker cited recent strong Nordic covereds
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◆ 52bp reoffer equals Nordea’s multi-year record ◆ ‘Insane’ levels show FIG spread compression, rival banker said ◆ Buy-and-hold investors prioritised
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◆ Issuer returns after Swiss franc debut on Monday ◆ Spread tightened 40bp–45bp from IPTs ◆ New issue premium debated
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Carmaker prints biggest corporate deal in the currency so far this year
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Sovereign keeps to tenor rotation and 15 year proves 'a good fit' in current market
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◆ Sovereign refreshes 15 year curve ◆ Biggest book ever for this tenor ◆ 'Very tight' premium paid, curve stability observed
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Bankers say deals are still being launched and believe international rivalry can be negotiated
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◆ Busy week for euro capital trades ◆ Fair value disputed ◆ 'Yield buyers' running the market, rival banker says
