Latest news with #Nordea
Free Malaysia Today
6 days ago
- Business
- Free Malaysia Today
Euro zone government bond yields edge up, auctions in focus
Plans for hefty German stimulus have boosted expectations for increased bond sales, with German 30-year yields up 44 bps so far this year. (EPA Images pic) LONDON : European government bond yields edged up today with a focus on bond sales from Germany and Spain later in the day, just as a weak Japanese government bond auction sparked a selloff in Japan's bond market that rippled out. Germany, the euro zone's benchmark bond issuer, plans to sell €2 billion of 15-year bonds and Spain is expected to sell a 10-year bond via a syndicate of banks. Signs of weak demand at bond sales in Japan and the US over the past week have returned the market's focus to high debt levels in major economies, putting upward pressure on bond yields, especially those on long-dated bonds. Long-dated Japanese government bond yields rose sharply after demand at a closely watched 40-year bond auction today dropped to its lowest level since July. That set the tone for other big debt markets, with Germany's benchmark 10-year bond yield up around 1.5 basis points at 2.54% in early trade and 30-year yields around 2 bps higher at 3.04%. When a bond's yield rises, its price falls. 'I would say that there is a global shift, that things are happening in Japan, things are happening in the US. 'Things are still happening in Germany,' said Nordea chief market strategist Jan von Gerich, referring to high debt levels and expectations for increased bond supply. 'If we look at the repricing that we've seen in Europe, that has mainly centred on German bonds,' he added. Plans for hefty German stimulus have boosted expectations for increased bond sales, with German 30-year yields up 44 bps so far this year.
Business Upturn
21-05-2025
- Business
- Business Upturn
Bang & Olufsen secures DKK 300 million in refinanced credit facility
Bang & Olufsen A/S is pleased to announce the successful refinancing and upscaling of its existing committed revolving credit facility by DKK 100 million, bringing it to a total of DKK 300 million. The new agreement has a tenor of two years with the possibility of one year extension. In addition to the directed issue completed in November 2024, which raised DKK 217 million in net proceeds, this marks an important milestone in securing a strengthened financial foundation and flexibility to support execution of the strategy acceleration in the coming years. Advertisement The revolving credit facility will once again be linked to the company's sustainability target as Bang & Olufsen A/S continues its commitment to leading the movement towards a more circular, regenerative future. Nordea acted as Sole Lender. Monte Debt Advisory acted as debt advisor in connection with the refinancing. For further information, please contact: Cristina Rønde Hefting Sr. Director, Head of Strategy & Investor Relations Phone: +45 4153 7303 Attachment BO_Investor news_RCF UK Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
21-05-2025
- Business
- Yahoo
Bang & Olufsen secures DKK 300 million in refinanced credit facility
Bang & Olufsen A/S is pleased to announce the successful refinancing and upscaling of its existing committed revolving credit facility by DKK 100 million, bringing it to a total of DKK 300 million. The new agreement has a tenor of two years with the possibility of one year extension. In addition to the directed issue completed in November 2024, which raised DKK 217 million in net proceeds, this marks an important milestone in securing a strengthened financial foundation and flexibility to support execution of the strategy acceleration in the coming years. The revolving credit facility will once again be linked to the company's sustainability target as Bang & Olufsen A/S continues its commitment to leading the movement towards a more circular, regenerative future. Nordea acted as Sole Lender. Monte Debt Advisory acted as debt advisor in connection with the further information, please contact: Cristina Rønde HeftingSr. Director, Head of Strategy & Investor Relations Phone: +45 4153 7303 Attachment BO_Investor news_RCF UKError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
21-05-2025
- Business
- Bloomberg
Nordea Questions Norway's Data on Faltering Home Construction
Norway's official data showing sluggish housing construction may skew the real picture, according to analysts with Nordea Bank Abp, who cited competing evidence of a rise in housing starts. A 'nosedive' in the number of building permits toward the end of last year isn't reflecting what's actually happening on building sites, Nordea's economists Kjetil Olsen and Sara Midtgaard said in the bank's new economic outlook published Wednesday. The data is used by Statistics Norway to calculate a housing investment estimate.
Local Norway
06-05-2025
- Business
- Local Norway
Why property buyers in Norway should brace for a hot market this summer
A sharp rise in mortgage applications, coupled with strong year-to-date price growth and faster sales, suggests prospective homebuyers in Norway should brace for increased competition in the coming months. "We are seeing a significant increase in mortgage applications," Odd Hultmann, Director of Private Markets at Nordea, told the Norwegian Broadcasting Corporation ( NRK ) on Tuesday. "The week after Easter was on par with the peak weeks earlier this year," Hultmann added. "Compared to the same period last year, the number of applications is up 40 percent. This indicates very high demand in the housing market heading into the summer." READ MORE: Common mistakes to avoid when buying a home in Norway A hotter market That rising demand is already being reflected in transaction volumes. Some 9,900 homes were sold in April - slightly fewer than last year - but sales for the year are up 18.6 percent overall, with 36,432 homes sold by the end of April. Buyers are acting quickly, too: homes now spend an average of 47 days on the market, down from 50 days in March. In Bergen in western Norway, the pace is even more intense – homes there are selling in just 16 days. According to the most recent statistics published by the industry organisation Real Estate Norway (Eiendom Norge), home prices in Norway have risen 6.7 percent so far in 2025, bringing the average price to 4,873,834 kroner. Advertisement While Oslo and Asker/Bærum saw relatively weak performance – with a seasonally adjusted decline of 1 percent in the latter – Stavanger stood out with 11.1 percent growth since January. Porsgrunn/Skien also posted strong gains, with a 1 percent seasonally adjusted increase in April. "The moderate housing price development from March continued in April, while the development was weak in Oslo and Asker/Bærum," Henning Lauridsen, CEO of Eiendom Norge, said in a press release . Still, the broader picture suggests persistent upward pressure on prices, especially in high-growth regions like big cities. READ MORE: The five words estate agents in Norway use when they want to rip you off
