Nordics
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Flat Glass Group Co has announced terms for an up to HK1.21bn ($155.61m) listing in Hong Kong ahead of launching the trade on November 16. -
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Two issuers made opportunistic moves in sterling on Tuesday with one offering investors a rare 2020 and the other a tap.
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SEB mandated leads and opened books for the fourth sterling denominated covered bond from a Swedish issuer this year, a three year floating rate note. At the same time, Korea Housing Finance Corp (KHFC) opened books for a fixed rate five year dollar benchmark, and its first legally enshrined covered bond.
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Two issuers made an opportunistic move in sterling on Tuesday, taking a combined £400m with a tap and a new issue.
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FIG bankers are expecting some issuers to bring forward plans to print tier two early next year as investors show they are ready to take on higher beta paper.
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A government minister in one of Europe’s major economies has told GlobalCapital that green bonds could be a “complement” to the country’s existing climate change mitigation policies.
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Six borrowers raised nearly €5bn in the covered bond market this week, once again surpassing supply expectations. The star attraction, notable for both its size and tenor, was a €1.5bn three year from the Norwegian issuer, Sparebank 1 Boligkreditt.
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Finnish real estate company Sponda has signed an €80m unsecured loan agreement with three banks to refinance a syndicated loan that matures this month.
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Mölnlycke, the Swedish maker of wound dressings and surgical gloves, issued a €500m eight year bond on Monday, as the corporate bond market’s awakening from earnings blackouts continued apace.
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The Norwegian issuer surprised the markets with a rare three year on Wednesday. The deal was one of the largest issued in euros this year and attracted an exceptionally high quality order book, though the oversubscription ratio was less convincing.
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Pakistan eyes life insurance IPO — SECP gives nod for unified stock exchange — BW Pacific sets sail for Oslo
