Enity raises $130M in covered bond issue to refinance maturing debt
What's the deal? Enity Bank Group ABDealroom has a profile for this one. Try Dealroom → has completed a US$151.1M covered bond issue, with Danske Bank, Nordea, and SEBDealroom has a profile for this one. Try Dealroom → as joint lead managers. The notes were issued under Enity's MTCN program, which carries a total framework of US$1.81B.
The terms: The notes carry a coupon of three-month Stibor plus 0.41%, with a loan date of October 7, 2026, and maturity on October 7, 2030. They will be listed on Nasdaq Stockholm.
Why now? Alongside the issue, Enity is repurchasing US$122.6M of its outstanding notes due October 2026, leaving US$119.2M outstanding in that loan. The move refinances near-term debt while extending Enity's maturity profile to 2030, with an extension option to 2031.
The signal: The issue marks a step-up over Enity's previous raise, drawing three of the region's largest banks as lead managers. Tapping the covered bond market — backed by a US$1.81B program — points to steady institutional demand for Nordic bank funding.
Read more: placera.se
Image credit: Jorge Lascar
