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Swedbank organises operation to take care of its EUR syndicate and the head of the portfolio

Tuesday, 04 December 2012
Swedish big bank, said on Tuesday that it has established a euro syndicate function headed by Per-Ake Nyberg under its Debt Capital Markets unit in order to increase its focus on EUR new issues.

According to a press release, Swedbank writes that its Debt Capital Markets (DCM), part of Large Corporates & Institutions (LC&I), has recently increased its focus on EUR new issues by establishing a EUR syndicate function headed by Per-Åke Nyberg.
This year, Swedbank has acted as Lead Manager for a number of EUR issues such as Volvo, BNP Paribas Autonoria and Stockmann.

Most recently, Swedbank acted as one of the Lead Managers for Stockmann’s debut EUR issue.
“It was strategically important for us that our debut issue was well received in the bond market, and we are pleased with the terms and conditions for our new issue”, says Pekka Vähähyyppä, CFO of Stockmann in that statement and adds: “There was a lot of interest in the market for the issue.”

Elisabeth Beskow, Global Head of DCM of her part said that “As a leading player in the SEK/NOK primary market, Swedbank has waited for the right opportunity to establish a strong EUR bond practice. By doing so, Swedbank can utlise its already strong distribution capacity for EUR bonds. We have recently beefed up our team with new hires from Barclays Capital and BNP Paribas, a testament of our ambition to take a strong position in this area.”
By Scancomark.com Team

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