November should be a busy month in the European market as companies and banks try to get deals out there before the Christmas break. One of the deals expected in the early part of the month is the housing association of Gothenburg's EURO300 million ($255.2 million) second deal. Skandinaviska Enskilda Banken was brought in to act as lead manager.
Called Framtiden Housing Finance No.2, the transaction is backed by the rental income from over 10,400 loans from 178 apartment blocks in the city. Both Standard & Poor's and Fitch IBCA gave a provisional triple-A rating to the single tranche deal.