Nordics

Danish logistics company Maersk gave investors something other than political and economic matters to consider this week when it announced a tender offer for its shortest dated euro bonds on Monday. If the current poor tone in the bond markets continues into 2019, this type of exercise could become more prevalent, writes Nigel Owen.

Danish logistics company Maersk gave investors something other than political and economic matter to consider this week when it announced a tender offer for its shortest dated euro bonds on Monday.

Anta Sports Products has mandated six banks for a €2.2bn loan to back the €4.6bn acquisition of Finnish sports brand Amer Sports Oyj.

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.

Kommuninvest received a strong score from BondMarker voters for its final dollar benchmark of the year.

Finnvera has appointed a new head of treasury to replace Mikael Nordgren, who has retired following a four decade career.

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.

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.

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.

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.

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.