Nordics

Lansforsakringar Bank (LF Bank) enjoyed the sole attention of the market on Thursday as it placed the day's only senior bond in euros. With market conditions constructive, bankers expect more esoteric names could follow.

Hemnet, the Swedish online property marketplace, has launched the marketing process for an IPO on the Nasdaq Stockholm exchange.

Three banks jumped into the euro senior market after the Easter break on Tuesday, benefitting from stable demand and printing with low new issue concessions.

Finland and Germany have provided an update on their second quarter funding plans, with the former looking to issue its second euro benchmark of the year.

Kommuninvest plans to issue a debut social bond to fund its new social sustainability loans, which were launched on Tuesday after a successful pilot phase.

Out of the ashes of Norwegian Air Shuttle has risen a new low-cost Norwegian transatlantic carrier, Norse Atlantic. The airline is seeking to raise Nkr1.27bn ($149m) to pick up the transatlantic routes that its beleaguered predecessor has abandoned.

Tryg, the Danish insurance company, received a 99.7% take-up for its rights issue which closed this week. The deal will fund the acquisition of insurance group RSA’s Nordic operations.

Trustpilot, the Danish online review site, has rocketed in trading on its first day as a public company on the London Stock Exchange. Sources close to the trade were patting themselves on the back on Tuesday as they observed the day one performance and reflected on the calibre of the book.

Swedish banks will have to maintain a countercyclical capital buffer worth 2% of their risk-weighted assets during normal times, according to new guidance from the nation’s Financial Supervisory Authority this week.

Embracer Group, the Swedish video games developer, has placed Skr7.6bn ($900m) of new shares with investors to finance its ongoing growth.

Všeobecná úverova banka (VUB) issued a €500m five year covered bond on Wednesday at the tightest spread for any issuer from Slovakia. At the same time the Mortgage Society of Finland issued a sub-benchmark sized 10 year at close to fair value. The resounding outcomes for both deals partly reflected the generous spreads on offer. At the same time OP Mortgage Bank has announced plans to issue its debut green covered bond.

Iceland is putting the finishing touches to a sustainable bond framework that will allow it to issue a variety of bonds with socially responsible labels. If the sovereign decides to proceed with the plan, a debut deal in the format could arrive this summer.