SEB
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HSBC took home $6bn from a callable bond issuance on Thursday, after Barclays opened the callable market for jumbo Yankee issuers earlier in the week. -
While the euro primary market was running hot for financials this week, four banks also went to the sterling market for £1.625bn of senior funding, mainly concentrating on the shorter end of the curve.
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Swedish lender SEB was looking for sterling funding on Thursday, after a clutch of banks issued bonds in the currency on Wednesday. But amid bonds underperforming in the secondary market, the bank was unable to grow the order book much beyond the deal size of £250m.
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Citigroup and Svenska Handelsbanken were both offering senior bonds in euros on Wednesday, as bankers started to question whether the primary market could continue to support large volumes of new issuance.
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Banks rushed into the primary market with new unsecured funding deals on Tuesday morning, taking advantage of what one lead manager described as the first “sensible backdrop” in more than a week. But attention will be focused on whether or not the new offerings can perform in the secondary market.
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Crédit Agricole has hired a banker from SEB to join its FIG syndicate team in London.
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GlobalCapital revealed the winners of its 2017 Loan Awards at its annual Loans and Leveraged Finance Awards Dinner at Gibson Hall in London on February 7. The full results are below: GlobalCapital congratulates all the winners and nominees.
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Supply of new debt in the Norweigan krone market has been 'much scarcer' at the start of 2018 than in previous years, with banks already well funded and with asset managers still awaiting a spike in green bond issuance.
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KfW is taking steps to diversify its green bond issuance away from euros and dollars. Taking advantage of strong demand for sustainable investment in Sweden, it sold its largest ever green Swedish krona bond.
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Expectations that Sweden will issue a sovereign green bond have risen, as a government inquiry this week recommended the idea.
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Bankers expect further fast growth in Nordic green bond issuance in 2018, including a good chance of sovereign deals, with Sweden a leading candidate.
