Nordics
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Arion Bank said this week that it would look to buy back some of its euro senior bonds as a way of reducing its contributions for the Icelandic banking levy. -
Ice Group, the Norwegian mobile phone company, on Thursday called off its second attempt to list on the main board of the Oslo Stock Exchange, blaming turbulence in global equity markets.
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Kommuninvest received a strong score from BondMarker voters for its final dollar benchmark of the year.
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Finnvera has appointed a new head of treasury to replace Mikael Nordgren, who has retired following a four decade career.
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Nykredit returned to the euro covered bond market on Thursday to issue its second floating rate transaction. The oversubscription rate was similar to other recent deals, but well below that for its debut deal, when market conditions were much stronger.
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Trade body the Futures Industry Association (FIA) on Tuesday released recommendations on how to shore up clearing house (CCP) risk management processes in the wake of a €114m member default at Nasdaq Clearing in September.
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Ice Group, the Norwegian telecoms company, hit the road with a Nkr3bn ($351.4m) Oslo Bors IPO on Tuesday, which it hopes will give it the funds to break the country’s telecoms duopoly.
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Kommuninvest has expanded its group of market makers for its Swedish benchmark programme, as the agency forecast a lower funding target for next year than 2018.
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The final two weeks of bookbuilding for the Skr632m (€61m) listing of Q-linea, the Swedish medical technology company, have begun on a positive note, after the firm announced that it had secured cornerstone interest for over 10% of the transaction.
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Kommuninvest was the sole dollar benchmark in the public sector market this week, getting in just a day ahead of Thanksgiving to reach its 2018 funding target. Dollar SSA supply is likely to be limited for the rest of the year, but there is room for "opportunistic" trades at the short end, according to bankers.
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Kongsberg Gruppen, a Norwegian supplier of technology systems to the offshore oil and gas sector, has finished a Nkr5bn (€513m) rights issue with a healthy level of oversubscription.
