Saab feted on krona bond return, though ethics cost some basis points
Saab, the Swedish aerospace and defence company, sold its first bond for four years on Wednesday, with a Skr1bn (€112m) five year fixed and floating rate deal that drew blistering demand.
The bond was priced inside guidance, even though some accounts were unable to participate because of Saab’s involvement in the defence industry. This affected the pricing of the bond, according to the DCM banker.
Danske Bank, SEB and Swedbank sold the Skr750m December 2018 floating rate tranche at
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