Sweden

The short end of the dollar curve is enjoying a purple patch, with public sector borrowers drawing big books and pricing with much lower new issue premiums than earlier in the year.

Caisse Française de Financement Local (Caffil) and Länsförsäkringar Hypotek (LF Hyp) got strong receptions for their covered bonds on Tuesday as investors had plenty of fresh money to put to work at the start of what is likely to be a relatively dry quarter.

SBAB Bank printed its first euro fixed rate senior bond since 2013 on Monday, raising €500m of May 2021 notes at the start of what market participants believe could be a busy week for FIG supply.

Humana AB, the Swedish company that provides care for the elderly, disabled and mentally ill, traded up 19% on its Stockholm debut on Tuesday, but fell back on Wednesday.

Humana AB, the Swedish company that provides care for the elderly, disabled and mentally ill, is set to begin trading on Nasdaq Stockholm on Tuesday morning, after completing a successful IPO of about Skr832m ($100m).

Lundin Petroleum, the Swedish oil and gas exploration company, has increased the size of its reserve-based bank facility and signed a short-term credit facility agreement to protect itself from further oil price volatility.

Orkla, a Norwegian supplier of branded consumer goods, sold 11.94m shares in Swedish aluminium firm Gränges on Thursday, through an accelerated bookbuild that raised Skr824m ($100m).

Kommuninvest’s long-awaited first foray into the green bond market was finally priced on Wednesday and Municipality Finance plans to follow with a green debut of its own later this year. Kommuninvest’s deal came just two days ahead of NWB Bank’s 10 year dollar deal which opens books on Friday.

LeoVegas, the Swedish mobile gambling company, shot up 44% at the start of trading after its IPO on Thursday, before losing some of its gains in the afternoon.

Kommuninvest was able to price $600m of March 2019 paper at the tight end of initial price thoughts on Tuesday, making it the largest ever green bond from a Nordic issuer.

Bank of America Merrill Lynch has hired Fredrik Reinfeldt, the former prime minister of Sweden, as senior advisor to its EMEA business.

Humana, the Swedish care provider, had by Monday morning obtained a covered book for its initial public offering, which could total up to Skr832m ($100m).