Swedbank
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◆ Friday execution seen as precursor of issuers' keenness to print before US vote ◆ Handelsbanken issues rare green tier two with no new issue premium ◆ Swedbank comes close to fair value, if not a touch above, in first euro senior non-preferred of 2024
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The troubled Swedish landlord is targeting an €800m market cap for its residential real estate arm
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◆ Bankers focused on attrition levels ◆ NAB ‘better than expected’ amid UK interest ◆ Swedbank tests FRN appetite
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Swiss franc bond investors take lower interest rates in their stride as hunt for duration continues
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Swedish issuer bags largest ever print in single currency with first syndication of 2024
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◆ Swedish lender prints $650m Reg S deal well inside fair value estimates ◆ Jyske prices largest ever AT1 deal ◆ Lower volume of Nordic capital supply and benign market conditions act as tailwinds
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◆ Four deals attract €12bn of demand ◆ JPM resuscitates Reverse Yankee bank sales after five-month hiatus ◆ Bank of Ireland scores largest oversubscription and pays lowest premium
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◆ Improved tone lures local lenders in size ◆ Yankee arb possible again ◆ European trio steps up Yankee printing on Thursday
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Swedish firms scores substantial 20bp-30bp saving versus euros
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Investors show preference for paper with rarity value paying a premium
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More foreign banks are preparing to issue in Japan as local investors show strong appetite
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Investors were eager to take down sterling paper from foreign and domestic issuers across the capital structure