Nordics

Finnish property firm Sponda appointed just one lender to provide its €325m bridge loan, which will fund its acquisition of six prime properties in Helsinki.

Multiple FIG bonds hit the primary market for the first time in a month on Monday as European bank stocks continued their rebound to ease the pressure on borrowers.

Nykredit came one step closer to a listing on the Copenhagen Stock Exchange on Wednesday, as its committee of representatives approved the prospective listing. But investors will have to wait 12-24 months for the deal to hit their screens.

Catena Media floated on Nasdaq First North Premier on Thursday, after completing an initial public offering that valued the firm at Skr1.698bn ($200m). By 3pm, its share price was up 15.5%.

Scandinavian Tobacco, the cigar and pipe tobacco maker, rose 2% when it made its stock market debut on Wednesday, before returning to the level at which its IPO was priced.

Sanoma, the Finland headquartered media and publishing company, has retained support from its relationship banks in a €500m refinancing deal. But two banks did not return, as the group sought to slim down its syndicate.

Swedbank and SEB this week launched deals that attracted the largest order books and the widest distribution of any covered bonds issued this year, along with the smallest concessions.

Kommunalbanken on Wednesday sold the first five year dollar benchmark from an SSA in three weeks, printing a $1bn no-grow bond.

Teollisuuden Voima Oyj (TVO), the Finnish nuclear power company, has refinanced its €1.3bn debt facility with a reduced syndicate.

Stockholm County Council has selected four banks for a green bond roadshow, beginning on February 8, with a view to selling a euro green bond.

Swedbank was set to issue a €1.25bn five year covered bond on Wednesday. The deal attracted more investors than any other covered bond this year, and a larger volume of orders. The new issue concession was small, but the deal’s success was driven by a yield nearly 0.5% more than OBLs

Cigar and pipe tobacco manufacturer Scandinavian Tobacco has received enough demand from investors to get its Copenhagen IPO done, but it is not yet covered throughout the price range.