Sweden

Scandic Hotels, the largest Nordic hotel operator, has made a limp start to trading on Nasdaq Stockholm after its Skr3bn (€326m) IPO.

TeliaSonera, the Swedish telecoms firm, returned to the Norwegian krone bond market with a 15 year note on Tuesday, its second outing in the currency this year.

Attendo, the Swedish healthcare provider, leapt up 46% in the first few minutes of trading on Monday morning, after its Skr4.33bn (€467m) Stockholm IPO, whose bookbuild ended on Friday, well oversubscribed.

Attendo, the Swedish healthcare provider, was expected to stop taking orders for its Stockholm initial public offering on Friday November 27, having achieved a heavily oversubscribed book.

Swedbank printed the tightest fixed rate senior bond in several months this week, but FIG bankers are split on whether banks can be drawn away from covered bond funding next year as bail-in uncertainty continues to dog the asset class.

SKF, the Swedish ball bearing maker, won a €2.2bn order book on Tuesday for a €500m no-grow bond, issued to partly fund a tender offer for older notes.

Swedbank

Swedbank bucked a trend of issuers turning to covered bonds for funding on Thursday when it launched a five year fixed rate senior deal.

Scandic Hotels, the Nordic hotel operator that started taking orders for its IPO on November 17, has released a covered message to investors, a lead banker said on Wednesday.

Dometic, the Swedish maker of refrigerators and cookers for camper vans, traded up 15.42% on its first day as a public company on Wednesday, a strong aftermarket performance that recalled other Scandinavian IPOs this year.

The Swedish central bank published its second stability report of the year and continues to be concerned over high indebtedness and high house prices, factors which are intrinsically connected to the growth of Sweden’s covered bond market. The report follows recent proposals to tighten repo rules affecting covered bonds, proposals which the Swedish FSA and debt office have said are beyond the remit of the independent central bank.

SKF, the Swedish ball bearing maker, won a €2.2bn order book today (Tuesday) for a €500m no-grow bond, issued to partly fund a tender offer for older notes.