CBA prints Australian banks’ first Swedish krona MTN
Commonwealth Bank of Australia last week became the first Australian bank to sell an MTN denominated in Swedish krona. However, the likelihood of Australian banks doing more deals in the currency will depend on the basis swap between Swedish krona and US dollars, bankers said.
The note, a Skr250m ($38.3m) five year floater, was dealt by Deutsche Bank on Thursday. It was sold at par and pays 100bp over three month Stibor.
Its the first time weve issued in Swedish krona, and the first time any Australian bank has issued in the currency,
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