Sparebank 1 shows fives alive as prices step up
Sparebank 1 Boligkreditt demonstrated that the five year part of the curve is open to the right deals by pricing a Eu1bn transaction this (Wednesday) lunchtime. The new issue also showed that covered bond issuers may find that paying up is the only way to compete for investors’ attention, as demonstrated by the level at which a potential new issue is being soft-sounded.
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