Norway

Serendex Pharmaceuticals, the Danish healthcare company, has completed its Nkr111.8m ($12.5m) rights issue, having achieved full subscription.

Norwegian shipping company Havila has conducted a restructuring of its debt after operating cashflows dwindled in the second half of 2015.

Norway listed shipping companies Frontline and Nordic American Tankers closed their respective refinancing deals on Thursday. They joined a wave of the region’s borrowers seeking to close deals ahead of the holiday season.

Norwegian Air, the unrated low cost airline, came to the European high yield market on Tuesday and sold €125m of unsecured notes, expanding its all-Norwegian krone denominated bond funding to euros for the first time.

TeliaSonera, the Swedish telecoms firm, returned to the Norwegian krone bond market with a 15 year note on Tuesday, its second outing in the currency this year.

B2 Holding, the Norwegian debt management company, printed on Thursday its debut bond as it refinances its debts to support further acquisitions.

Flat Glass Group Co has announced terms for an up to HK1.21bn ($155.61m) listing in Hong Kong ahead of launching the trade on November 16.

Six borrowers raised nearly €5bn in the covered bond market this week, once again surpassing supply expectations. The star attraction, notable for both its size and tenor, was a €1.5bn three year from the Norwegian issuer, Sparebank 1 Boligkreditt.

The Norwegian issuer surprised the markets with a rare three year on Wednesday. The deal was one of the largest issued in euros this year and attracted an exceptionally high quality order book, though the oversubscription ratio was less convincing.

Pakistan eyes life insurance IPO — SECP gives nod for unified stock exchange — BW Pacific sets sail for Oslo

Singapore-based BW Pacific has opened books for a listing on the Oslo Stock Exchange, as the tanker company looks to raise as much as Nkr2.4bn ($283m) from its IPO.

Skandiabanken, the Norwegian online bank, narrowed the price range of its initial public offering on Tuesday, having achieved investor coverage at that level.