Stadshypotek shines with well timed five year

Sweden’s Stadshypotek has priced a comfortably oversubscribed, upsized trade. Though in line with initial guidance, the plus 32bp print seemed ambitious. Nevertheless, the price and size clearly worked, proving that cash rich buyers are eager to digest fresh supply from top tier, rare names in core jurisdictions – something that Stadshypotek was well placed to take advantage of.