Svenska Handelsbanken

The Swedish city of Gothenburg returned to the bond market for its second public deal of the year this week. Swedish krona bonds have proven popular in recent weeks, as both domestic and European issuers have placed deals in the currency.

Barclays plans to follow Crédit Agricole and Handelsbanken into the Kangaroo bond market. The UK lender mandated leads for a deal on Wednesday after the other two banks brought deals on Tuesday.

Dometic Group, the Swedish company that makes appliances for mobile homes, started the week by launching a €250m seven year high yield bond that was tightly priced, perhaps partly because the credit market was otherwise fairly quiet.

Svenska Handelsbanken was well received for a new senior unsecured transaction in the sterling market on Thursday, despite having pushed the spread towards a level that some investors might be able to pick up from a covered bond.

The African Development Bank’s inaugural Norwegian krone bond, the first ever social bond in the Norwegian market, could pave the way for further social issuance in the sector.

Sweden’s Gränges has signed $391m-equivalent of loans in krona and dollars, as the rolled aluminium company refinances a US acquisition bank facility.

A reverse enquiry was the catalyst behind KfW’s decision to print its first Swedish krona note of the year on Wednesday — one of the largest krona deals issued by the German agency.

An attractive Scandinavian market led two European sub-sovereigns to print private notes this week.

A strong Swedish market led the City of Stockholm to place its first private trade of the year on Monday. The Skr2.5bn ($268.4m) note was its largest non-syndicated issue since 2012.

A flood of orders helped ING Groep to price a $1.25bn additional tier one on top of fair value on Tuesday, with the Reg S dollar market back in action after Banco Santander’s landmark extension decision.

Svenska Handelsbanken found strong demand at tight levels for a new additional tier one this week, helping to put to bed any concerns that the market might be languishing after the first ever ‘non-call’ in asset class.

Svenska Handelsbanken picked banks on Wednesday to arrange the sale of a new additional tier one in the dollar market, with the dust yet to settle around Banco Santander’s decision to extend the life of one of its instruments.