Swedbank pays the price of congested supply
Swedbank opened books on a two year mortgage backed benchmark this (Thursday) morning some 5bp back from where some accounts were sounded out earlier this week, suggesting that the issuer was suffering from launching a deal in almost direct competition with Skandinaviska Enskilda Banken, which priced its Eu1bn three year mortgage backed deal yesterday (Wednesday) afternoon.
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