Sparebank 1 SMN tightens after generous entrance
Norwegian savings bank Sparebank 1 SMN struck a defensive tone with the pricing of its debut fixed rate senior benchmark on Thursday morning, with observers citing lukewarm investor feedback as a reason for the large premium offered. But the issuer managed to pull pricing in after buyers showed strong demand.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts