SEB

◆ 'Real money' order book supports €1bn size ◆ 'Not much' delta between Nordic names, lead says ◆ Up to 5bp of concession

◆ Lender's first covered since September 2024 ◆ Deal was fixed at €500m and tightened by 5bp ◆ Banker said the trade offered 1bp of new issue premium

Dollar market shows first signs of life for global FIG issuance

HSBC and SEB opt for senior funding in dollars as Deutsche Bank turns to renminbi

◆ Deal sets new multi-year tight spread for a senior non-preferred euro bond ◆ Sale follows Nordea Bank's seven year senior preferred from last week ◆ Both issuers offer some new issue concession to compensate for low spreads

◆ Santander and SEB print sterling seniors ◆ 'Opportunistic window' for issuers ◆ Possible sign of busy sterling market next week

◆ Second SP deal from SEB this year... ◆... becomes longest point on its euro curve ◆ Some concession left as 'the right compromise'

Multi-year high August volumes raise questions for next month's issuance

Senior funding there for the taking, covered bonds yet to take off — but conditions are great for all

◆ Swedish bank prices the tightest senior non-preferred in more than three years ◆ Why spread breached 100bp ◆ Market 'busier than expected'

◆ IDA fair value more art than science ◆ MuniFin gets over 140 accounts in its book ◆ Madrid makes debut EuGB trade

Improved all-in funding conditions lure a host of European banks to the US as Citi emerges with jumbo opco trade