Norway
-
Shares in Petroleum Geo-Services, the Norwegian oilfield surveyor, closed 10% higher on Wednesday after the company completed a Nkr1.9bn ($225m) capital increase overnight, to strengthen its balance sheet. -
Arcus, the Norwegian distiller owned by private equity group Ratos, opened the books for its Nkr1.5bn ($188m) Oslo initial public offering on Monday and was covered at its maximum size by the afternoon.
-
Donald Trump's victory in the US presidential election went largely unnoticed in key niche currency bond markets on Wednesday morning. Non-core currency bankers were confident pipelines will remain unchanged in Norway, and Switzerland.
-
Ratos, the Swedish private equity group, has announced plans to list Arcus, the leading Norwegian supplier of spirits and wines, on the Oslo Stock Exchange.
-
-
SpareBank 1 SR-Bank raised €500m of 5.25 year senior funding on Thursday, though the order book may have been suppressed amid a series of central bank meetings and ahead of the US elections on November 8.
-
-
A pair of Nordic public sector borrowers showed the strength of green bond market, printing a pair of well received trades, both of which were priced inside the issuers’ conventional bond curves.
-
Kommunalbanken printed its third ever green bond on Wednesday, using the "extra selling point" of the green factor to pull in an impressive book for the four year deal and pricing it through its curve.
-
Kommunalbanken, the Norwegian agency, has selected three banks for a Reg S/144A green bond.
-
Nets, the Nordic payment processing group whose shares have fallen 13% since their IPO three weeks ago, has reassured shareholders that it will not suffer materially from Nordea’s decision to change its mobile payments joint venture in Denmark and Norway.
-
A flurry of follow-on equity sales this week, mostly block trades, showed that investors still want stock, sometimes at tight discounts, even while three IPOs had to be abandoned.
