SEB

The momentum in the equity block trade market since the US presidential election has continued this week, with nearly $1.4bn of issuance, as vendors rush to sell assets before the loss of US distribution for the Thanksgiving holiday on Thursday.

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.

DNA, one of Finland’s largest telecommunications companies, has begun bookbuilding for its IPO after announcing the terms on Monday evening.

Nordea and SEB have underwritten €760m of loans for the merger of Finnish paper and pulp makers Ahlstrom and Munksjö.

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.

Shares in Ahlsell, the Swedish wholesaler of plumbing and electrical installation products, have traded strongly since its Skr6bn ($671m) Stockholm IPO, ending Thursday 13% above their IPO price.

DNA Ltd, Finland’s third largest mobile phone operator, has decided after a strategic review to embark on a second attempt at an IPO, more than three years after shareholders voted against going public.

Banque Fédérative du Crédit Mutuel (BFCM) was quick to take advantage of strong conditions in the tier two market on Tuesday, following quickly behind Skandinaviska Enskilda Banken’s tightly priced trade to launch its second 10 year bullet of the year.

Ahlsell, the Swedish plumbing and electrical products distributor, has signed a post-IPO loan with Danske Bank, DNB, Nordea and SEB.

Skandinaviska Enskilda Banken made a rare appearance in the euro tier two market on Monday, pulling pricing very tight and reopening the primary market for European issuers following third quarter results.

Rating: Aaa/AAA

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.