Nordics
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DNA, one of Finland’s largest telecommunications companies, has begun bookbuilding for its IPO after announcing the terms on Monday evening. -
Nordea Mortgage Bank (NMB) has successfully issued its first deal. The choice of tenor, along with the issuer’s strong credit profile, and strong sentiment towards the Nordic region, were instrumental in achieving the positive outcome.
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Sp Mortgage Bank, the central bank for Finnish savings banks, has mandated joint leads for a European roadshow to market its first covered bond.
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Cable company Com Hem has been sounding investors since Wednesday for a new issue in Swedish krona to redeem its old Skr2.5bn bonds due 2019, adding Swedish momentum to the Nordic corporate high yield bond market.
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Sp Mortgage Bank, which is the central bank for Finnish savings banks, has mandated joint leads for a European roadshow to market its first covered bond.
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Donald Trump's victory in the US presidential election went largely unnoticed in key niche currency bond markets on Wednesday morning. Non-core currency bankers were confident pipelines will remain unchanged in Norway, and Switzerland.
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Shares in Tobii, the Swedish eye-tracking technology company that floated in April 2015, rose 5% on Monday after it announced plans to raise Skr450m (€45m) in a rights issue, saying the consumer business opportunities open to it had grown faster than it expected.
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Nordea and SEB have underwritten €760m of loans for the merger of Finnish paper and pulp makers Ahlstrom and Munksjö.
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The visible European high yield pipeline was empty on Monday but for Perstorp, the Swedish specialty chemical company, which is running a seven day roadshow for its dual currency all debt refinancing deal.
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Finnish packaging firm Powerflute has extended the deadline on its €400m leveraged buyout by Madison Dearborn to this Friday, as has BMI Healthcare for its £285m refinancing.
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Ratos, the Swedish private equity group, has announced plans to list Arcus, the leading Norwegian supplier of spirits and wines, on the Oslo Stock Exchange.
