Asian bid widens demand for Sparebank in dollars
Sparebank 1 Boligkreditt returned to the dollar market on Wednesday for its fifth benchmark deal since 2010. It attracted a much broader span of interest than its previous deals, with strong demand from Asia.
Joint bookrunners Barclays, BNP Paribas, Citi and JP Morgan priced the $1bn Reg S/144A deal for Sparebank on Wednesday at 50bp over mid-swaps the tight end of low 50bp guidance.
The issuer attracted around 50 orders totalling $1.3bn, making this the most broadly distributed and sought after
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