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Bond managers mobilize for spike in Nordic sales to pay for M&A

Another heavyweight Nordic arranger is girding itself for a rush of bond sales in the first six months of the year.

SEB's Copenhagen office | Photo: PR/SEB

“We believe there are a number of possible larger M&A related financings in stock for 2020,” said Helena Colling, global head of syndicate at SEB AB and Elias Spangenberg, the bank’s head of corporate syndicate. “In addition, the broadening of green issuance from a sectoral standpoint continues with several new issuers looking at accessing the green capital pool.”

SEB was the second biggest bond manager of Nordic corporate deals last year with a 12 percent slice of the market, according to data compiled by Bloomberg. Non-financial companies from the region took advantage of historically low borrowing costs to price EUR 36 billion of debt in 2019, up 33 percent on the prior year, the data show.

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