Nordics
-
October’s European IPOs are seeing mixed results in trading, with some of the month’s deals slipping after pricing, while others enjoy strong performance. -
After several months without any long end dollar benchmark bonds from public sector issuers, two came along at once this week — bolstering confidence that conditions are right for a borrower to print in jumbo size in the tenor for the first time in more than two years.
-
-
Public sector borrowers are flocking to the green bond market, dominating the upcoming SSA pipeline as the year draws to a close.
-
Another pair of public sector borrowers tapped the dollar market, hitting two and three years respectively, in contrast to Tuesday’s salvo of long end trades. One of the issuers printed well beyond its initial size expectations.
-
Municipality Finance issued its first green private placement on Wednesday, coming alongside a drive for more green assets on the lending side.
-
Nordea announced on Wednesday that it would become a systematic internaliser for FX and interest rate derivatives and cash bonds under the Markets in Financial Instruments Directive (MiFID) II.
-
Industrial & Financial Systems (IFS) closed the loan funding for its acquisition of WorkWave without further syndication on Wednesday, evidence the market is still keen on small size offerings amid a raft of large deals.
-
A position paper detailing a new unified approach to impact reporting by Nordic public sector green bond issuers has been welcomed by investors, who hailed its broad scope and detailed methodology as an important development for the market.
-
Stadshypotek took advantage of scant covered bond supply — particularly from Sweden in the 10 year area — to issue a tightly priced €500m deal on Tuesday.
-
Norwegian state-owned grid operator Statnett priced its debut benchmark euro corporate bond on Wednesday, opting to go longer than the 10 year tenor many of the recent utility issuers chose.
-
Norwegian state owned grid operator, Statnett, priced its debut benchmark euro corporate bond on Wednesday, continuing the recent supply of utility issuers selling longer dated new issues.
