With an uncertain future for interest rate benchmarks, TriOptima has developed its triReduce Benchmark Conversion functionality, providing support to customers
You have successfully joined our subscriber list.
Trustly’s parent company, Nordic Capital, is working with Goldman Sachs, JPMorgan Chase, and Carnegie on the IPO. Besides, it is reportedly in the process of hiring more banks to launch the IPO in late April or early May.
Sweden’s payments company Trustly is reportedly planning to conduct an Initial Public Offering (IPO) in the second quarter of 2021. According to those familiar with the matter, the IPO could value the company at €9 billion (about $11 billion). It will probably take place in Stockholm.
According to Reuters, Trustly’s parent company, Nordic Capital, is working with Goldman Sachs (NYSE: GS), JPMorgan Chase (NYSE: JPM), and Carnegie on the IPO. Besides, it is reportedly in the process of hiring more banks to launch the IPO in late April or early May. Nordic Capital and the banks declined to comment on the news.
Editorial | what does this mean?
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.
Nordic payments project P27 appoints chairman 22 January 2021
1 P27, the cross-border payments platform being developed by six Nordic banks, has named Martin Andersson as independent chairperson as the project prepares for operational roll out. Backed by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank, P27 s lofty ambition is to create one common state of the art payment platform in the Nordic countries.
The project moved a step closer in October last year with the acquisition of Bankgirot (Bankgirocentralen BGC AB), Sweden’s only clearing house for mass payments.
/PRNewswire/ LeoVegas AB (publ) ("LeoVegas") issued unsecured bonds with ISIN: SE0015242854 in an amount of SEK 500 million within a framework of SEK 800.
Changes in the monetary policy framework? Håkan Frisén, Head of Economic Forecasting
Last year the Federal Reserve changed its monetary policy principles. The Fed is now prepared to accept inflation a bit above its 2 per cent target in order to compensate for its previous bias against undershooting the target. This also means that the central bank is really prepared to test how hot the US labour market can become before harmful overheating problems emerge. Reviews of monetary policy frameworks are currently underway in various other countries, and the question is what inspiration the Fed can provide. The EU Treaty imposes some restrictions on the ability of the European Central Bank (ECB) to follow in the footsteps of the Fed, but the ECB can at least make its inflation target more symmetrical. Sweden’s Riksbank also has limited room for manoeuvre, but it must still try to find its own ways to prevent inflation expectations from distancing themselves too far from the 2 per cen