Norway

Sparebanken Sør Boligkreditt has mandated joint leads for a roadshow to market its second euro covered bond.

Morten Skaaning has returned to Danske Bank’s debt capital markets syndication desk after spending nearly three years at Arbejdernes Landsbank.

Bank Nederlandse Gemeenten has tapped a 10 year Australian dollar bond twice in a week, raising A$155m ($116.7m) from central Asian and Japanese investors.

Telenor, the Norwegian telecoms company, has sold a 4% stake in Veon, the Russian telco formerly called VimpelCom, for $262.5m through a block trade.

SR Boligkreditt has issued its first Reg S dollar covered bond, and though the book was slow to build the issuer found enough demand to ensure the deal was eligible for bank liquidity portfolios in the liquidity coverage ratio (LCR).

High-end solar panel maker REC Solar has approached lenders in Asia for the first time, as it looks to raise up to $330m.

Rating: A1/—/A-

Lead managers had to bolster the order book for SpareBank 1 SMN’s new senior deal on Thursday, after competing supply, changing rate hike assumptions and tightening swap spreads made pricing dynamics less compelling for low beta issuers.

RenoNorden, the Norwegian waste management company, has finished its Nkr350m (€39m) rights issue to prevent it breaking its debt covenants after losses in 2016.

Investors snapped up a tightly priced tier two from Norway’s DNB Bank on Monday, spying a rare chance to pick up good returns from a Scandinavian credit.

GlobalCapital revealed the winners of its Syndicated Loan, Leveraged Finance and Private Placement Awards 2016 at its 14th Annual Loans Dinner on Wednesday. A dozen borrowers — corporate, bank and sovereign — from all over the EMEA region attended the dinner of 250 people at the Guildhall in London. The awards were as ever based on a poll of loan market participants, conducted at the end of 2016. As such, they are the only awards that recognise achievement in the EMEA loan market based on the opinion of the market. This year we added two high profile new awards: the Lifetime Achievement Award and Most Impressive Growing Force in the Loan Market. Participants at the dinner supported the Loan Syndicate Managers’ Forum’s chosen charity, Make Sense of It, which supports research into, and sufferers from, multiple sclerosis. GlobalCapital congratulates all the winners and nominees.

A triumvirate of covered bond issuers from Denmark and Norway enjoyed stellar demand for their euro covered bond benchmarks this week.