Swedbank

A series of foreign bank issuers move in force to raise dollars, pushing weekly issuance tally close to March 2025

Short senior FRNs emerge as Nordic banks go local

◆ Issuer finds window between political volatility and supply onslaught ◆ Deal sets record low spread for callable sterling senior bail-in debt ◆ Investors remain on board despite tight price

◆ Issuer prints new green bond as French government teeters on collapse ◆ Deal comes tighter than shorter SNP green bond from March ◆ Latest trade in a recent Nordic senior series

Issuers' euros deals experience different attrition rates

◆ Issuer plans regular euro presence ◆ Deal comes flat to Swedish krona ◆ Five years appeals to the deepest pocket of investors

French deal lands close to its euro curve

◆ Similar trades clash on the same day ◆ New Zealand bank finds it more challenging to attract orders despite paying higher spread and new issue premium ◆ Swedbank lands deal with similar concession than recent French senior paper

◆ Some premium paid ◆ Cautious investors 'stay in the book' ◆ Swedbank was 'the right name' amid volatility

Swedbank’s corporate finance and DCM high yield teams move to renamed entity

◆ Offshore issuers targeting 6NC5 sterling senior ◆ Real money bid for sterling FIG remains ◆ Swedbank persuaded to print more

HSBC leads Yankee charge as banks took advantage of tight spreads to bring forward 2025 funding plans and fulfil some of their riskier commitments