Swedish Export Credit Corporation
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Swedish agency prints $1bn with ease as orders exceeds $4.1bn
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SSAs weigh up more pre-funding next year
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KfW finds investors reluctant to pay a greenium
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SEK and SFIL prep dollar bonds as KfW and ALS ready euro supply
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Neither issuer has left much on the table for investors
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Borrower to cast wide net after completing over half its annual funding task
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Wave of deals comes after some borrowers had shunned dollars for months or years
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The dollar SSA rush continues as ECB and Fed meetings approach
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SEK re-entered Kangaroo market as public sector borrowers added to old lines
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More public sector issuers look to Australian currency for funding
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Canadian issuer takes supply above £3bn for the year with fresh deal in currency to follow on Tuesday
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No book updates given once spread was set 2bp wide of initial level
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Trio of transactions gives market confidence with more issuance expected
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The issuer jumped through a short pre-FOMC issuance window this week to price a dollar bond
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Swedish issuer scoops €700m on euro return
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Fed stays on course but spread to Treasuries makes dollars a tough place for public sector borrowers
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UK central bank three times oversubscribed while SEK struggles to cover book
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Issuers hope for calm after dollar market was volatile during recent trades
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This week's scorecard looks at the progress Nordic agencies have made in their funding programmes in early May.
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This week's scorecard looks at the progress Nordic agencies have made in their funding programmes in early March.
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Swedish Export Credit Corporation on Thursday became sold the third three year dollar deal by a public sector borrower in as many days, showing ample demand for the short end of the dollar curve.
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KfW and Swedish Export Credit Corporation (SEK) achieved strong results in sterling on Tuesday despite extremely volatile conditions in the currency as a result of uncertainty around the impact of Brexit and the rising cases of coronavirus in the UK, which has affected swap spreads and the cross-currency basis swap for non-UK borrowers.
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This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes in mid-December, with some issuers also setting their targets for 2021.
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This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes at the end of October.
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, September 28. The source for secondary trading levels is ICE Data Services
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This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes in mid-September.
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Two agencies were out with dollar mandates on Monday and more public sector borrowers could follow with deals this week as a rise in US Treasury yields boosts demand for SSA dollar bonds.
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, July 27. The source for secondary trading levels is ICE Data Services.
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This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes in late July.
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Swedish Export Credit Corporation kept the public sector new issues market open on Thursday as it came with an opportunistic four year dollar trade on the back of a strong week for dollar borrowers.
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The European Stability Mechanism is likely to use its funding window scheduled for next week to issue a dollar benchmark, according to SSA bankers.
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Oatly, the Swedish oat milk producer, is taking on debt to finance building two new factories with its first ever syndicated loan, and naturally chose a sustainability-linked instrument, its chief financial officer said. Those hoping for an IPO will have to wait a while longer.
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Oatly, the Swedish company that makes oat milk, has signed a Skr1.925bn (€184m) club loan, on which the pricing can be adjusted if it hits sustainability targets.
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This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes in June.
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Sweden’s Volvo Car, a car maker, has become the latest company under pressure from the coronavirus pandemic to sign a state-guaranteed loan, as bankers say that state support is essential to secure commercial bank loans for the worst affected sectors.
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This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes in early May.
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, April 6. The source for secondary trading levels is ICE Data Services.
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Swedish Export Credit (SEK) joined the ranks of SSAs increasing their funding programmes in response to the Covid-19 crisis this week. Meanwhile, Norway’s Kommunalbanken (KBN) has dropped its target by $2bn as a result of a weakening Norwegian kroner.
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This week's scorecard looks at the progress Nordic agencies have made in their 2020 funding programmes at the start of the second quarter.
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The Inter-American Development Bank has added slightly to its 2020 funding programme following the announcement of a substantial lending package in response to the Covid-19 crisis.
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The dollar bond market is gradually opening up, with two high quality public sector borrowers hitting screens on Monday for short dated deals. But with volatility still gripping the cross-currency basis swap market, European borrowers are still sticking to their home currency.
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The first scorecard of 2020 looks at the progress Nordic agencies have made in their funding programmes at the start of March.
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Swedish Export Credit Corporation appointed banks on Wednesday for the first syndicated public sector dollar bond since mid-November.
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This week's scorecard looks at the progress Nordic agencies have made in their funding programmes at the start of November. Some of the issuers have also set their funding targets for 2020.
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Investors have not completely shunned Libor-linked floating rate notes from public sector borrowers, as a trade from Swedish Export Credit Corp showed this week.
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Deals set to be issued by the Province of Ontario and Development Bank of Japan on Wednesday attracted good demand, reflecting their higher yield relative to other dollar supra and agency bonds.
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Kommuninvest kicked off the dollar market this week with a $1.25bn blowout, despite it being at record tight levels over Treasuries, according to a banker on the deal. Following on from Kommuninvest’s deal, a wide range of SSAs look to print across the curve, including rare issuer IDB Invest with its five year dollar bond debut.