Stadshyp hits Swedish sweet spot
Sweden’s Stadshypotek returned to the covered bond market on Monday to price the sixth five year benchmark in euros issued in March and the 19th in that tenor issued so far in 2014. Aside from robust demand from banks in the five year area, the Swedish issuer takes advantage of a favourable currency basis swap that was identified two weeks ago by its Swedish peer, Länsförsäkringar Hypotek.
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