Nordics
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Finnish pulp and paper maker Stora Enso has tightened margins again on its €700m revolving credit facility, this time by 20bp, after having already reduced margins on the deal by 35bp two years ago. -
SSA issuers are readying themselves for a busy 2016 after the Fed eased the markets into a higher rates environment on Thursday.
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Norway listed shipping companies Frontline and Nordic American Tankers closed their respective refinancing deals on Thursday. They joined a wave of the region’s borrowers seeking to close deals ahead of the holiday season.
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Loans are the last bastion of European corporate finance activity, as the rest of the market falls to Federal Reserve trepidation. But the right message from the Fed could open the door for small, opportunistic trades.
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The council of Stockholm County, Stockholms läns landsting (SLL), signed the first ever green revolving credit facility on Friday, adding to the pair of green bonds it previously issued.
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Finnish Stainless steel producer Outokumpu reduced the size of its revolving credit facility and pushed out maturities on other existing loan agreements as part of a wider deleveraging effort.
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Kommuninvest is set for a hefty increase in its funding target next year — which could include a long awaited debut green bond during the first quarter.
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Finnish electricity provider Fingrid increased the size of its revolving credit facility and rejigged the lending group in a refinancing deal that could provide liquidity until 2022.
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Finnish retail and property company Stockmann issued an €85m hybrid bond on Thursday, after announcing the deal on Tuesday.
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Finnish retail and property company Stockmann has issued an €85m hybrid capital bond, after announcing the deal on Tuesday.
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Stockmann, the Finnish retail and property company, is considering a hybrid bond issue, but otherwise the corporate bond market is decidedly quiet.
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General Electric has terminated an agreement to sell its appliance business to Swedish household appliance producer Electrolux, toasting bankers' plans to provide bridge financing.
