EUR New issues: SEB, Tele2, DB, EU deal stats

Pipeline desert 13 Nov 2020
SEB, Tele2 and DB all have bonds in pipeline as US CPI looms. Takedown stats from yesterday's EU deal confirm bank treasury demand for the 3y.

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New issues

  • Deutsche Bank is preparing €500m 3.5y and €500m 10y Covered bonds at swaps +5 and 20bps. Leads are Barclays, DB (B&D), IMI-Intesa Sanpaolo, Lloyds, NatWest, Scotia, UBS and UniCredit.


  • ESM has sent an RfP to its banks for a possible deal.


  • Sparkasse Hannover is preparing €250m 7y Covered bond at around swaps +18bps. Leads are Erste, Helaba and NordLB. 


  • Bausparkasse Wuestenrot plans a €250m 4y Covered bond. Leads are DZ, Erste, Helaba and UniCredit. 


  • SEB plans a €1.75bn 2.5y Covered bond at swaps +5bps. Leads are Commerzbank, HSBC, NatWest, SocGen, Santander and SEB.


  • Swedish telecom Tele2 is preparing a €500m 6.5y through CA, DB, ING and Nordea after meeting investors from May 10th.


  • Islandbanki is preparing a €300m 3y in the region of 7.75%. Leads are Barclays, Citi, GS and JPM.


  • Abanca Corp Bancaria plans a EUR 3y NC2 at around swaps +240bps. Leads are BBVA, DB, Santander, SocGen and UBS.


  • French metals group Eramet is preparing a EUR Sustainability bond. Leads are ABN Amro, CA, Citi, HSBC, Natixis and SocGen.


  • Plucky soccer minnow Republic of San Marino plans a EUR deal.


Recently priced

  • The European Union yesterday sold a €5bn 3y at swaps -27bps and a €4bn tap of the 3% Mar 2053 at swaps +84bps. Books above €29bn and €59bn, respectively. Leads are BNPP, BofA, HSBC, MS (B&D) and UniCredit. Bank treasuries took 36% (€1.8bn) and banks took 8% (€400m) of the 3y, versus 19% (€760m) and 8% (€320m) of the 30y respectively.


  • Groupe Bruxelles Lambert (GBL) yesterday priced a €500m 10y through BNPP (B&D), Belfius, CIC, ING, KBC, Natixis and SocGen.  Swaps +105bps.


  • NatWest yesterday priced a €1bn a EUR 5.75y NC4.75 at swaps +175bps. Leads are CA, DB, ING, Jefferies and NatWest (B&D).


  • UniCredit yesterday priced a €750m 4y Covered bond at swaps +7bps through DZ, NordLB, SocGen, TorDom and UniCredit (B&D).


  • CFF yesterday priced a €1bn 6y Covered bond at swaps +27bps through Barclays, DB, DZ, LBBW, Natixis (B&D), Nykredit and Scotia. 


  • US travel company Booking Holdings yesterday priced €500m long 5y and €1.25bn 10y bonds at swaps +65 and 120bps. Leads are Citi, DB, HSBC and JPM (B&D).  


  • US packaging firm Crown European Holdings yesterday priced a €500m 5y at 5% through BNPP (B&D), DB and UniCredit.


  • US glass and cable firm Corning yesterday priced €300m 3y and €550m 8y bonds at swaps +70 and 120bps. Leads are GS and JPM (B&D).


  • Ford Motor Credit yesterday priced a €600m 5y at 6.125%. Leads are Citi, Commerzbank, DB (B&D), IMI and NatWest.


  • American Tower yesterday priced €600m 4y and €500m 8y bonds at swaps +110 and 175bps. Leads are BofA (B&D), MS, RBC, Santander and TorDom. 


  • BP Capital Markets BV yesterday priced €750m 7y and €750m 12y bonds at swaps +80 and 130bps. Leads are Barclays, GS, HSBC (B&D), ICBC, Santander and SocGen. 


  • German truck firm Traton yesterday priced €500m 2y and €500m 5y bonds at swaps +80 and 125bps. Leads are CA, ING, JPM (B&D), LBBW, Mizuho and UniCredit.