EUR New issues: SEK; KBC; MBFC

Chart 24 Nov 2021
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A shorter list of euro deals after yesterday's deluge include Swedish Export Credit, KBC and Mercedes-Benz Finance Canada.

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New issues

  • Swedish Export Credit is preparing a EUR 5.25y at around swaps +16bps. Leads are BNPP, DZ, JPM and Nordea. Books above €1.1bn.

     

  • KBC plans a €1bn 5y NC4 at swaps +170bps. Leads are BofA, BNPP, DB, GS, ING (B&D), KBC and MS. Books above €2.5bn.

     

  • PACCAR Financial Europe plans a €500m 3y after meeting investors Nov 16. Leads are ING, MUFG, Rabo and SocGen.

     

  • Mercedes-Benz Finance Canada is preparing a EUR long 4y at around swaps +60bps. Leads are BNPP, HSBC, SMBC and UniCredit (B&D).

     

  • Raiffeisen Bank Zrt is preparing a €300m 3y NC2 at around 8.75% via MS, RBI (B&D) and UniCredit. Books above €600m.

     

  • Nova Ljubjanska plans a €300m 10y NC5 Tier 2 sub.  Leads are BofA, Erste, JPM and NL.

     

  • Piraeus Bank is preparing a EUR 4y NC3.  Leads are GS and UBS.

  

Recently priced

  • EU yesterday priced a NGEU €6bn 10y Green due Feb 2033 at swaps +1bps and a MFA €2.5bn long 30y due Mar 2053 at swaps +74bps. Books above €41.9bn and €29.5bn, respectively. Leads are CA, GS, LBBW, MS and UniCredit (B&D).

     

  • EnBW yesterday priced €500m 4y and €500m 7y Green bonds at swaps +95 and 130bps. Leads are Barclays, DB, DZ, MUFG, SEB, SG and UniCredit (B&D). Books above €2.6bn and €3.7bn.

     

  • Iberdrola yesterday priced €750m 6y and €750m 10y Green bonds at swaps +40 and 63bps. Leads are Caixa, Citi, Commerzbank, CA, DB, JPM, MS, MUFG, NatWest and RBC. Books above €2.3bn and €2.6bn.

     

  • SEB yesterday priced a €1bn 3y at swaps +55bps via BofA, GS, HSBC and SEB. Books above €1.5bn.

     

  • Insurer ASR Nederland yesterday priced a €1bn 21y NC11 Tier 2 sub at 7% and swaps +430bps. Leads are ABN Amro, BNPP, HSBC and UBS. Books above €6.3bn.

     

  • Vonovia yesterday priced  €750m 4.5y Social and €750m 8y Green bonds at swaps +205 and 230bps respectively. Leads are BofA, DB, GS (B&D) and MS.  

     

  • National Bank of Greece yesterday priced  a €500m 5y NC4 at 7.25% through BofA, GS, IMI-Intesa Sanpaolo, Nomura and UBS. Book above €1.0bn.

     

  • CaixaBank yesterday priced a €750m 10y NC5 Tier 2 sub at 6.25% and swaps +355bps. Leads are Barclays, BNPP, Caixa, Citi (B&D) and SocGen.

     

  • Arval Service Lease yesterday priced a €500m 4.5y at swaps +205bps through BBBVA, BNPP, HSBC, ING, Santander, StanChart and UniCredit. Book above €1.1bn.

     

  • Westpac yesterday priced a €750m 5y Australian Covered bond at swaps +35bps through Barclays, BNPP, UBS and Westpac. Book above €0.8bn.

     

  • ABN Amro yesterday priced a €1bn 10y NC5 Tier 2 sub at 5.125% and swaps +245bps.  Leads are ABN Amro (B&D), BofA, Barclays, GS and HSBC.

     

  • Traton Finance yesterday priced a €600m 3y at swaps +140bps. Lead are BBVA, DB (B&D) and GS. Books above €2.2bn.

     

  • Banca Mediolanum yesterday priced  a €300m 4y NC3 Green at swaps +225bps via Mediobanca, SG and UniCredit.