SEB

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.

Dometic, the Swedish manufacturer of refrigerators and cookers for camper vans, said on Monday that it aimed to raise Skr4.6bn ($540m) of primary proceeds from an initial public offering in Stockholm.

A steady start to the week in the European corporate bond primary market had clicked into gear by Thursday, as corporate issuers emerged at pace from earnings blackouts.

Three issuers launched covered bond benchmarks in euros this week, down from nine in the previous week, as borrowers anticipated an improvement in market conditions and lower new issue concessions.

Nordic companies are showing a strong willingness to adopt the renminbi for payments which is a creating an opportunity for Sweden’s SEB Paula da Silva, head of transaction services at SEB, told GlobalRMB at the recent Sibos conference held in Singapore.

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

Guarantor: Federal Republic of Germany

Finland’s Municipality Finance has edged nearer to its funding goal for the year with a pair of Norwegian krone bonds, its first prints in the currency since early 2014.

Bravida, the Swedish electrical, heating, plumbing and ventilation systems installer, closed the institutional book for its IPO at noon on Thursday, and was doing allocations on Thursday afternoon. Pricing is expected to come on Friday morning.

Finnish telecommunications company DNA has refinanced loan facilities with a €250m credit facility, signed today.

Bravida is set to obtain a SEK4bn (€430m) five year unsecured term loan facility in connection with its planned initial public offering this month.

Just south of the city of Växjö in southern Sweden is a new residential neighbourhood called Solallén. It’s a cluster of 21 black and yellow townhouses that, aesthetically pleasing as they are with their high ceilings and bike parking and gardens, would be unremarkable were it not for the fact that they constitute the first net zero energy residential neighbourhood in Sweden.