SEB reopens senior with opportunistic 5.5 year
Skandinaviska Enskilda Banken (SEB) offered senior unsecured investors their first glimpse of primary supply for a week on Tuesday, and was rewarded with a granular €1.1bn orderbook.
The Swedish bank sold €750m of long five year paper at 48bp over mid-swaps, after lead managers BNP Paribas, Goldman Sachs, HSBC and SEB had put out initial price thoughts in the mid-swaps plus low 50bp area.
The final spread offered a high single digit new issue premium,
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